Awasome Building A Home On Leased Land References. A land lease can be used to purchase a home plus land, or simply to purchase land that you plan to develop later on. When you purchase a home as part of a land lease, there is one major difference from a typical residential real estate transaction—you don’t own the land on which the house is.

Lease arrangements may include land, buildings and/or equipment. A floating home is defined as a structure built on a floatation system, which is used as residence and is not intended for navigation or use as a navigable craft. Owners and successors may choose to have multiple lease arrangements or a single inclusive lease.