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welcome back to our channel im catherine larkin and im tom stack and together we are the tomcat team we are going to discuss what a lan lease is before we get started dont forget to hit the subscribe button because you know tom and i we put out fun interesting videos every tuesday for what tomcat tuesday tom what is a land lease normally if you look at a building and it sits on some property and you want to buy the building the land it sits on goes with the building with a land lease you just buy the building on the property and what sits underneath it still is owned by the other person so basically youre renting the land you can own the structure but you rent the land correct now what tom and i are going to talk about are land leases when it comes to residential real estate you may be asking yourself why would someone purchase a property and it is on a land lease why would they do that tom do you have any idea generally speaking the building that you purchase is going to be cheape
