I’m noticing that the difference is ownership rights. Some land is a “freehold” which is essentially outright ownership, others are more limited in scope or duration.
I’m not quite there yet, still renting. But yes, it’s a whole subject and you’d need to do some homework to know what you’re signing up for.
Honest question, can someone buy a house with land there? Also, do you need to get the approval of your local committee there (lile the hoa)?
I’m noticing that the difference is ownership rights. Some land is a “freehold” which is essentially outright ownership, others are more limited in scope or duration.
I’m not quite there yet, still renting. But yes, it’s a whole subject and you’d need to do some homework to know what you’re signing up for.