Legal Question in Real Estate Law in Florida
I am considering buying a condo that has a land lease. What exactly does that mean? Is there a way that I can buy it outright?
Asked on 2/22/17, 8:46 am
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
It means the seller , owns the building but is leasing the land it is built on. Only if the landowner also agrees.
Answered on 2/22/17, 10:35 am