Property at TV: Lot Own or Lease?

Closed Thread
Thread Tools
  #1  
Old 04-20-2014, 03:18 PM
SantaClaus's Avatar
SantaClaus SantaClaus is offline
Senior Member
Join Date: Mar 2014
Location: Wake Forest, NC
Posts: 261
Thanks: 0
Thanked 0 Times in 0 Posts
Default Property at TV: Lot Own or Lease?

Ok, I heard a story I'm not sure is true or not. Sounds weird to me. I heard that when you buy a home at TV you own the house but are only leasing the land, for like 60 years. In all my reading I haven't even seen this "fact" hinted at, so I assume (my rather adamant) friend is completely mistaken. TIA
  #2  
Old 04-20-2014, 03:26 PM
MikeV's Avatar
MikeV MikeV is offline
Gold member
Join Date: Oct 2012
Location: Village of Charlotte
Posts: 1,379
Thanks: 0
Thanked 1 Time in 1 Post
Default

Never heard such a thing.
__________________
New Jersey, Texas, Mississippi, Delaware, Mississippi, Viet Nam, New York, Guam, New York, Massachusetts, New York, The Villages.
  #3  
Old 04-20-2014, 03:27 PM
gerryann's Avatar
gerryann gerryann is offline
Platinum member
Join Date: Nov 2009
Posts: 1,923
Thanks: 0
Thanked 10 Times in 6 Posts
Default

your friend is totally mistaken. You own the land.
  #4  
Old 04-20-2014, 03:30 PM
dblwyr dblwyr is offline
Senior Member
Join Date: Jul 2009
Posts: 246
Thanks: 125
Thanked 94 Times in 38 Posts
Default

Not true. You own, fee simple.
  #5  
Old 04-20-2014, 03:51 PM
perrjojo's Avatar
perrjojo perrjojo is offline
Soaring Eagle member
Join Date: Jan 2010
Location: Mission Hills
Posts: 2,294
Thanks: 226
Thanked 321 Times in 78 Posts
Default

Quote:
Originally Posted by SantaClaus View Post
Ok, I heard a story I'm not sure is true or not. Sounds weird to me. I heard that when you buy a home at TV you own the house but are only leasing the land, for like 60 years. In all my reading I haven't even seen this "fact" hinted at, so I assume (my rather adamant) friend is completely mistaken. TIA
I heard that there really is a Santa Claus and he lives in North Carolina, not the North Pole.
  #6  
Old 04-20-2014, 03:56 PM
zcaveman's Avatar
zcaveman zcaveman is offline
Eternal Member
Join Date: Jul 2007
Location: The Villages
Posts: 7,879
Thanks: 0
Thanked 5 Times in 5 Posts
Default

Top of the World in Ocala has the lease deal.

In TV you buy you own the land.

Z
__________________
Jacksonville, Florida
Andover, New Jersey
The Villages

Second star to the right, then straight on 'til morning.
  #7  
Old 04-20-2014, 03:58 PM
SantaClaus's Avatar
SantaClaus SantaClaus is offline
Senior Member
Join Date: Mar 2014
Location: Wake Forest, NC
Posts: 261
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Thanks guys. I was 98.3% sure that was the case. North Pole, North Carolina, both are too far north. Santa's eyes are set on TV!
  #8  
Old 04-20-2014, 04:39 PM
TheVillageChicken's Avatar
TheVillageChicken TheVillageChicken is offline
Gold member
Join Date: Sep 2013
Location: Cloud Cuckoo Land
Posts: 1,302
Thanks: 0
Thanked 1 Time in 1 Post
Default

Quote:
Originally Posted by SantaClaus View Post
Thanks guys. I was 98.3% sure that was the case. North Pole, North Carolina, both are too far north. Santa's eyes are set on TV!
That is a pretty specific degree of certainty. I like that.
  #9  
Old 04-20-2014, 04:44 PM
SantaClaus's Avatar
SantaClaus SantaClaus is offline
Senior Member
Join Date: Mar 2014
Location: Wake Forest, NC
Posts: 261
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Well... +/- 0.2% (I didn't want anyone to think I was waffling! {grin} )
Closed Thread


You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 10:23 AM.