New Land Estates

Why are there so many properties on leased land along the expensive beach front in southern Delaware? There are several situations here. Business and commercial land is often leased all over the world. In New York City, Tokyo, and other larger, older cities; land owners often lease the land that is underneath those skyscrapers and in some cases even the park land is leased to the city by the land owners. The United Nations is on leased land. The Twin Towers were on leased land. In Lewes Delaware, USA, all of the land east of the Lewes and Rehoboth Canal, what is known as Lewes Beach; is leased land. The land leases there are usually owned by the Town of Lewes and are usually for 99 years and renewable. Some of the properties on Lewes Beach, however, are leased for shorter terms by the town, but as a rule all of these are automatically renewable. When you buy a property on Lewes Beach you pay a fee to get the leased land re-assigned to you. That fee for a Bay Front Property, on the Delaware Bay; can be well over a half million dollars, depending on the size of the lot; and the value of the home and improvements is added to the lease assignment value. In other words, even though it is leased land on Lewes Beach; the price is commensurate with purchasing the land. This land has always been leased land, as prescribed by England, during our American Colonial Period and that ownership style remains.

It is important for Real Estate Investors to have an understanding of some of the basics of real estate so you can be a more-informed investor. In real estate, there are two categories of property, real and personal. Real property is defined as the land and whatever is attached to it, known as improvements. Personal property is everything that is not attached to land or buildings. This is often known as chattel.

Everybody wants to understand the real estate trends to assure their investments. However, the trend with huge ups and few downs is not helping much to analyse the situation and nobody is yet sure, what future holds. In such situation, a new and reliable real estate investment alternative becomes quite convenient to adopt.

Have you ever dreamed of getting married in a palace? If so, Oahu is the place for you! Oahu has the only royal palace in the United States and you can get married there. But let's not limit yourself to palaces. Oahu also has grand oceanfront mansions and lush garden estates that can accommodate hundreds of guests. It also boasts small but magnificent private residences that are ideal for an intimate wedding.