article thumbnail

Fee Simple vs. Leasehold: Two Very Different Types of Ownership

Redfin

It’s a legal term that means the property owner owns the land and any structures on the land, including the home. Fee simple owners can build equity over time. The leaseholder pays the fee simple owner to use the land for a set period. You might also see this called a land lease or ground lease.

Land 64
article thumbnail

6 of the Best Retirement Communities in Florida

HomeLight

A retirement community is a residential housing neighborhood, subdivision, or complex designed for independent older adults seeking an active lifestyle with others of similar age and interests. Some communities have a land-lease structure in which you purchase the house, but lease the home site.

Land 89