In Palm Springs real estate ads, you’ll often see mentioned, “You own the land!” Meaning it fee simple land. What is Lease Land & Fee Simple Land in Palm Springs?
People searching for homes to buy in Palm Springs may be unfamiliar with the concept, that is, the difference between fee simple (or just plain “fee”) and lease land because they come from someplace with only fee land.Īnd it’s confusing because fee land sounds like you have to pay a “fee.” But it’s lease land where you need to make a (usually) monthly payment, basically like rent, because you don’t own the land your home sits on you lease it. We’re talking about a map that indicates where the fee simple and lease land is in the city of Palm Springs and the surrounding area. And it is a map you’re going to want to refer to when you’re looking for Palm Springs real estate. But it is a map that won’t show up on Google Maps or your nav system.
