Designated Broker
Heather
Itz-McLeod
Licensed Broker and REALTOR®
heather@itzrealty.com Call/Text: 480-420-8020
Local Knowledge. Personal Service.
Clear guidance, trusted local expertise, and personalized support throughout your Arizona real estate journey.
Mesa and Apache Junction, Arizona
Arizona Active Adult Living
Learn more about active living in Arizona’s popular retirement communities.
Designated Broker
Licensed Broker and REALTOR®
heather@itzrealty.com Call/Text: 480-420-8020
Owning the Land or Leasing It
When buying a home in a 55+ community, one key factor to consider is whether the land is owned (fee simple) or leased (land lease). This distinction can affect everything from your monthly costs to your long-term investment.
You own both the home and the land beneath it. This is the most common type of real estate ownership. It often results in higher upfront purchase prices but may offer better long-term value. Owners pay property taxes on both the home and land and typically enjoy more autonomy over the property.
In a land lease community, you own the home, but rent the land it sits on—usually through a monthly lease agreement with the community or landowner. Lease fees vary and may include additional services like amenities, landscaping, or utilities. While homes in these communities often cost less up front, you’ll want to review the lease terms carefully, including duration and annual increases.
Contact Us Today
Have you found a home or property you are interested? Have a few questions
you'd like to ask? Use the contact form or feel free to call or text us at
(830) 992-7901