A Brief Description of Land Leases
Land leases are a simple concept, but they can lead to some pretty complicated situations. When a landowner leases to a tenant, the tenant owns the home, mobile unit, or manufactured home, but not the land that it rests on. Land leases don’t pop up much in San Diego, but we recently ran into an interesting situation in Malibu. The land lease was recorded in 1967, but something happened in 2012 that nullified it.