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Message
Buying a lake camp on leased land..thoughts?
Posted on 3/15/26 at 4:15 pm
Posted on 3/15/26 at 4:15 pm
Am I screwing up here. Loooking at buying a little camp house on the lake. $30,000 and needs about $5k to get it into really good shape. Will only be buying the camp house. The land is leased. $1400 per year. It’s a year to year lease.
Wife has concerns about what if the land owner 3 years from now decides to sale the land and new owner doesn’t want to lease it out. Or if she dies and her children don’t want to continue to lease. We basically are screwed because we would have no where nor the desire to move the camp house.
Current land owner has owned and leased the property for years and actually inherited the property from her father who had also leased it for years. She owns several other properties on the same lake and leases those as well. Seems like this is pretty common as I have seen mainly leased land on all the lakes I have been looking.
I know there is always risk involved in any businesses transaction but has anyone here ever been screwed on a deal like this.
Wife has concerns about what if the land owner 3 years from now decides to sale the land and new owner doesn’t want to lease it out. Or if she dies and her children don’t want to continue to lease. We basically are screwed because we would have no where nor the desire to move the camp house.
Current land owner has owned and leased the property for years and actually inherited the property from her father who had also leased it for years. She owns several other properties on the same lake and leases those as well. Seems like this is pretty common as I have seen mainly leased land on all the lakes I have been looking.
I know there is always risk involved in any businesses transaction but has anyone here ever been screwed on a deal like this.
13
Posted on 3/15/26 at 4:19 pm to Kingshakabooboo
Lease the house.
I can’t imagine buying something that someone would say, “you cannot be here anymore. Oh, that’s your house? If you want it….move it. “
I can’t imagine buying something that someone would say, “you cannot be here anymore. Oh, that’s your house? If you want it….move it. “
Posted on 3/15/26 at 4:26 pm to Kingshakabooboo
I wouldn’t buy the camp if the lease is year-to-year. A fifteen year lease that I could record may be an acceptable deal.
Posted on 3/15/26 at 4:27 pm to Kingshakabooboo
Not year to year. 10 year at least.
Posted on 3/15/26 at 4:37 pm to Kingshakabooboo
Plenty of these deals on False River. Some folks have had their places throughout generations. If you like it, go for it.
Posted on 3/15/26 at 4:39 pm to Kingshakabooboo
Something to also think about OP is the value when it comes time to sell. Limited buyer pool due to that. As said if you can sign a long term lease and the price is right, nothing wrong with it though.
I’d look at it as the cost of the house + lease, and roll the two together as a ‘rental’. If you’d do that and manage to renew the lease down the road, call it a win.
I’d look at it as the cost of the house + lease, and roll the two together as a ‘rental’. If you’d do that and manage to renew the lease down the road, call it a win.
Posted on 3/15/26 at 4:40 pm to Kingshakabooboo
there is a reason the landowner is doing year to year leases instead of multiple years. Find out what it is
Posted on 3/15/26 at 5:03 pm to Kingshakabooboo
Thought this was a common thing in south La, is it not?
I’m talking around the Point Aux Chene, and Cocodrie areas.
I’m talking around the Point Aux Chene, and Cocodrie areas.
Posted on 3/15/26 at 5:19 pm to Kingshakabooboo
That’s cheap enough to accept the lease deal. I know penty of people w 2/300K camps on leased land. Obvious fir 10 year agreement
Posted on 3/15/26 at 5:25 pm to WillFerrellisking
quote:
Thought this was a common thing in south La, is it not? I’m talking around the Point Aux Chene, and Cocodrie areas.
Big chunks of plaquemines parish too
Posted on 3/15/26 at 5:26 pm to Kingshakabooboo
quote:I would worry more about them selling it
Wife has concerns about what if the land owner 3 years from now decides to sale the land and new owner doesn’t want to lease i
Posted on 3/15/26 at 7:50 pm to choupiquesushi
Look up Wagoner Ranch/Lake Diversion. Yeah it could possibly happen.
Posted on 3/15/26 at 7:53 pm to Kingshakabooboo
While it is quite common, I could not stand the thought of being completely at the mercy of the older lady, or even worse, her kids when she passes.
Posted on 3/16/26 at 8:30 am to 9rocket
quote:
While it is quite common, I could not stand the thought of being completely at the mercy of the older lady, or even worse, her kids when she passes.
Yeah 1 year deals seems kinda crazy. I wouldn’t do that either.
I’m assuming most of this is fairly useless swamp type of land though? Is there a reason this is common and they aren’t just selling an acre or 2 around the homes? Mineral rights?
Posted on 3/16/26 at 8:34 am to WillFerrellisking
It's common all over the state.
Posted on 3/16/26 at 12:29 pm to mrcoon
I wouldn’t say a year to year lease on an improved property is common. Year to year land leases of course but you know going in all you are going to put on it is a trailer.
OP is talking about buying a permanent structure on top of a year to year lease. There’s no way I would do that. Even a 5 year lease would make the deal completely different
OP is talking about buying a permanent structure on top of a year to year lease. There’s no way I would do that. Even a 5 year lease would make the deal completely different
Posted on 3/16/26 at 12:59 pm to Kingshakabooboo
There's camps all over the state like this, almost every camp built out in the marsh. Being it's on leased land, you'll have to pay cash, so that usually limits the size/quality of the camp. The question is the owner an individual or an entity like the school board or an oil company. If it's an organization that just holds the land as an asset, it's not as risky.
This post was edited on 3/16/26 at 1:02 pm
Posted on 3/17/26 at 11:22 am to WillFerrellisking
Mostly leasing from companies that hold the land for mineral rights.
Posted on 3/17/26 at 12:00 pm to Kingshakabooboo
quote:
Or if she dies and her children don’t want to continue to lease.
If she is older, and your wording seems to indicate she is, there is ZERO chance I would do this. Because you say "children" meaning more than one and that is guaranteed drama when she passes. Best case is they jack up the yearly price. Worst case is they sell or tell you to vacate.
Every single time assets go to multiple family members the money grab begins. You don't want to be part of that.
Posted on 3/17/26 at 12:19 pm to Kingshakabooboo
quote:
Big chunks of plaquemines parish too.
Yep, have a camp in the marsh with year to year lease. Been that way for 20 years. We built ours so materials and sweat equity is what we would lose. Ownership changed on ours from parents to kids and they continued lease so it worked out. Always a risk with year to year lease. If losing $30k unexpectedly will sink you (it would for me), then don't do it. More times than not though these things continue on for decades because the family doesn't want to do anything on the land and mailbox money is an easy source of income.
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