landlease

… notorious lately for having low inventory so much so that buyers are often prepped for bidding wars But at the … out of 324 totala little over a sixth Thats because the land on which the coop sits isnt owned by the building but rented in a setup known as yes a land lease In this case another group outbid the coops …

… News reports leaving residents with two bad options buy the land themselves or face sizable rent increases from … the interest of illuminating exactly what it might mean to buy a landlease coop lets see how both options break down … estate attorney Joshua Stein tells Bloomberg Someone who is buying it is buying it specifically to squeeze out every …