BajaNomad
Not logged in [Login - Register]

Go To Bottom
Printable Version  
Author: Subject: Leased Property with Improvement
awfulart
Nomad
**




Posts: 260
Registered: 5-10-2003
Location: Rio Rico AZ
Member Is Offline

Mood: Wondering what our Nit-Wit elected officials are doing now?

[*] posted on 3-4-2006 at 05:10 PM
Leased Property with Improvement


How does one protect their investment in a home on leased land? If property values increase can he raise the lease renewal amount per month enough to make it unaffordable in order to sell or develop. What happens to the improvements. I have been told he is required to pay for the improvements upon non renewall of a lease. If so, would he be required to pay market value of the home or only what you paid for it.?



View user's profile
Bob and Susan
Elite Nomad
******


Avatar


Posts: 8807
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline

Mood: Full Time Residents

[*] posted on 3-4-2006 at 05:13 PM


lease is negotiated...9.9 years

improvments are yours to do...

they become the land owners property when you leave...you lose




our website is:
http://www.mulege.org
View user's profile Visit user's homepage
Bruce R Leech
Elite Nomad
******


Avatar


Posts: 6796
Registered: 9-20-2004
Location: Ensenada formerly Mulege
Member Is Offline

Mood: A lot cooler than Mulege

[*] posted on 3-4-2006 at 08:29 PM


awfulart

they Can do almost anything they want. even if you have a good legal Lease which most don't.




Bruce R Leech
Ensenada

View user's profile
Roberto
Banned





Posts: 2162
Registered: 9-5-2003
Member Is Offline


[*] posted on 3-10-2006 at 05:02 PM


Anything you build on leased land doesn't belong to you unless you can drive it away.

It is customary for a "good" landlord to pay for the improvements when the lease is up, but it is not mandatory, and is all negotiated on a case-by-case basis.

This is where the old adage "don't spend more than you can afford to walk away from" comes from, and the reason a lot of people use trailers as a base on leased property - worse case, you drive it away.
View user's profile

  Go To Top

 






All Content Copyright 1997- Q87 International; All Rights Reserved.
Powered by XMB; XMB Forum Software © 2001-2014 The XMB Group






"If it were lush and rich, one could understand the pull, but it is fierce and hostile and sullen. The stone mountains pile up to the sky and there is little fresh water. But we know we must go back if we live, and we don't know why." - Steinbeck, Log from the Sea of Cortez

 

"People don't care how much you know, until they know how much you care." - Theodore Roosevelt

 

"You can easily judge the character of others by how they treat those who they think can do nothing for them or to them." - Malcolm Forbes

 

"Let others lead small lives, but not you. Let others argue over small things, but not you. Let others cry over small hurts, but not you. Let others leave their future in someone else's hands, but not you." - Jim Rohn

 

"The best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer." - Cunningham's Law







Thank you to Baja Bound Mexico Insurance Services for your long-term support of the BajaNomad.com Forums site.







Emergency Baja Contacts Include:

Desert Hawks; El Rosario-based ambulance transport; Emergency #: (616) 103-0262