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Monday, April 26, 2010

Tips For Real Estate Owners Wanting To Lease Their Land

By Chris Channing

Whether you own your land outright, or you have a mortgage on it, you might want to lease it out. In that case, you had better find some tips for real estate owners wanting to lease their land.

Some farmers lease land to have a crop of corn or potatoes or a vegetable garden that they can sell all summer long. This may be a good way for you to gain an income on someone leasing your land to provide food for others. Your land will be tilled and readied for planting. And when harvest time comes, you may even speak to your renter about exchanging some of his goods for money back. It would be a win win situation.

Billboard companies often look for property, preferably vacant land, where they can place a billboard to give an opportunity to other companies to advertise in that spot. The land needs to have high traffic road frontage. Land along interstates are especially desirable. This gives the opportunity to so many companies to take advantage of the billboard spot that is available for them.

If you are in a remote area, you may contact some cellular phone companies who may want to use your land to build a tower. These leases are typically ten to twenty years.

Others may want to build on your property, and they will be happy to construct a building while they are leasing the land. Once their building is complete, they will continue to lease the property and use the building for their business. In this case, the land must be in a commercial area, or perhaps the planning board in the area will permit a variance, or change the zoning to suit the one leasing.

This is an excellent opportunity, because when their lease is over, the building remains. And you, as the land owner, now have a building to rent out. This is a chance to increase your income on the property for many years to come, providing you maintain this building.

If your land is great to hunting or fishing, you may want to lease it out by the season. If you want to change your land to a mobile home park, that would produce income on a regular basis, perhaps for years, as it is difficult and expensive to move a mobile home once it is parked and the land is leased. You will find a wide selection of opportunity when you search for tips for real estate owners wanting to lease their land.

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