FAQ
The Advantages of Land Leasing
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Our innovative leasehold
estate concept bundles land costs, community maintenance, services
and amenities into a low, monthly, fixed-for-life payment
that provides you with the benefits of long-term financial security,
the luxury of a maintenance-free lifestyle, and a professionally
managed community that you can be proud to call home.
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FAQs: Frequently Asked Questions
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Questions:
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| 1. |
What is the primary advantage of leasing land?
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| 2. |
Can the cost of my lease increase from year to year?
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| 3. |
What about
home values and resale opportunities?
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4. |
What are other advantages
of leasing versus owning the land?
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| 5. |
What are the advantages of living in an age-restricted community?
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| 6. |
Am I responsible for yard maintenance?
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| 7. |
How does the
community manage “quality of life” issues such as a
barking dog or unkempt yard?
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| 8. |
What other ways would
professional management benefit me?
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Answers:
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1. |
What is the primary advantage of leasing land?
The main advantage is
that you save money! The cost of the land is deducted from the
home purchase price and you enjoy significant annual
savings on your property taxes. This allows you to invest that
money, use it to offset living expenses, or just save it for a
rainy day. Additionally, when you lease your land you become a
partner with the developer – a long-term relationship that
enhances your home and community value.
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| 2. |
Can the cost of my lease increase from year to year?
American Land Lease offers
a number of options for your new home purchase, including a fixed,
lifetime “No Increase Lease” in which your base monthly
fee is guaranteed for as long as you own your home, providing
the financial security of an expense that can never, ever go up.
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| 3. |
What about
home values and resale opportunities?
Homes in our communities
have enjoyed the same steady increases in value as the rest of
the housing market. At the same time, homes on leased land are
lower in price, so their value at time of resale appeals to more
potential buyers. Homeowners may choose to sell their home independently,
or have American Land Lease represent them. Our marketing and
representation increases opportunities for the home to be viewed
by potential buyers.
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| 4. |
What are other advantages
of leasing versus owning the land? Often the cost of
Homeowners Association payments in fee communities will come close
to or even surpass the amount of lease payments. Our lease includes
professional property management and other services you would normally
pay extra for. It also includes the use and maintenance of community
amenities such as clubhouses, pools, tennis courts and, in some
locations, golf courses.
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| 5. |
What are the
advantages of living in an age-restricted community?
One of the nicest things
about sharing a community with people your own age is having similar
interests. This is your time. An age-restricted community offers
you the tranquility, activities and compatibility with your neighbors
that allows you to enjoy it. You’ll love meeting other residents
at the clubhouse, having new friends to dinner, and sharing the
many activities our communities have to offer.
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| 6. |
Am I responsible for yard maintenance?
In most of our communities,
a professional maintenance crew keeps all common-area landscaping
and facilities such as clubhouses, pools and surrounding areas
looking great. They also mow and edge your lawn for you, so in
most communities, basic yard care is covered. You are, however,
responsible for the maintenance and appearance of your home’s
landscaping beyond that.
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| 7. |
How does the community manage “quality of life” issues such as a
barking dog or unkempt yard? Our professional management
team facilitates correcting the problem, whether it is a pet disturbance,
noise or upkeep of a property.
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| 8. |
What other ways would
professional management benefit me?
Professional on-site
management provides complete community maintenance and enforcement
of community regulations. We also maintain the resources to address
emergency situations. Our homeowners must meet approved standards
of residency, resulting in a better quality of life, as well as
a lower stress living environment.
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