The most common type of property ownership is called Freehold: both the home and the land it sits on are owned together. A Land Lease Property is one where the dwelling is owned by the resident and the land upon which it sits is leased. Rent is paid to the land owner of the land lease community; some services and facilities may be included for the common use and enjoyment of the tenants. Homes can be bought and sold by successive residents, but not the land. The Residential Tenancies Act... [read more]