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re: Leasing a piece of property
Posted on 6/14/15 at 11:30 am to tigerdup07
Posted on 6/14/15 at 11:30 am to tigerdup07
quote:
I have to get the property "released" from the mortgage co. however, if.....for some reason......they don't release it, I will lease it to my friend for 99 years at the same price that I agreed to sell it.
Would suck for your friend if something ever happens to you and you get a bunch of liens on the land. Talk about a legal nightmare.
1
Posted on 6/14/15 at 11:48 am to stout
How much land is being leased? The entire piece that the home is being built on or a portion of it...
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