What are the advantages of land leasing over buying a piece of property?
The land lease arrangement allows you to own your own home for true privacy and independence while keeping the funds normally spent on the land purchase available for investment, discretionary or emergency purposes. In addition, you have the assurance that community standards will be carefully maintained, you can enjoy the community social and recreational amenities, and you will live in a beautiful country setting only minutes from shopping and medical service and area attractions. Learn more about leasing versus buying.
What are the assurances that you will not sell our leased land to someone else?
Creating and managing Land-Lease Communities is the Heiler's only business, and our history has been to maintain ownership as a long-term investment - not buying and selling properties. We hope our three generations of family leadership demonstrates this clearly.
What does the monthly fee include?
Although this varies somewhat by the particular amenities and services available in each community, the fee generally covers leasing the homesite, street lighting, maintenance of all common areas, including roads, full use of all amenities, and lawnservice.
Does the monthly lease fee change and by how much?
Yes, the monthly fee generally increases annually in small increments. You would be hard pressed to find a community that does not have annual increases. We aim to keep increases limited to the amount necessary to maintain community standards and services that our residents want and expect. We strive to keep our lease fees in pace with the market, which has helped our departing residents realize resale values substancially above market prices. We prefer to avoid having to make a large adjustment, a surprise our residents would neither want nor appreciate.
What are fee increases based on?
Although in can vary from year to year, generally an increase can be based on any or all of the following:
Rents in comparable communities.
The Consumer Price Index (CPI)
Controllable costs such as maintenance and payroll.
Hard-to-control costs such as utility charges, land taxes, rubbish costs and insurance expenses.
By law, residents receive a letter each year informing them what the increase for that year was based on.
Is there a cap on increases?
No, there is neither an upper nor lower cap on lease fee changes. However, our company history and policy has to keep our lease fees in pace with that of comparable communities so that we can keep our current residents happy, and provide good resale values for residents if and when they decide to relocate, or thier famlies in the event of your passing.
Can our grandchildren stay and visit with us?
Yes, we have no restrictions on guests other than they are required to abide by the same rules as our residents and they can not stay longer than 30 days. Many grandparents say "We love to see our grandchildren come and love to see them go home as well." - a benefit of our "55 and over" communities.
Are all your rules actually enforced?
Yes. Many residents move to our communities because of our community standards and the stability the rules create within the community environment. These standards were written based on our experience managing manufactured home communities for over 40 years in Florida and now Alabama, and input from past and present residents. It's our obligation to you to ensure that they are enforced.
Are house pets allowed?
Yes. We recognize that to many people, an animal companion is a loyal and needed friend. In all communities, small dogs or cats are permitted inside the home.
How do we sell our home if we need or want to?
You may sell your home independently, through a licensed agent, or by listing your home with the community sales office. Most departing residents choose us to sell their home because this is what we do for a living. In the case of an estate, the inheritor(s) may move into the home provided they meet all the applicable entry requirements or sell the home to another qualified party should it prove necessary.