Selling the house but keeping the land… - Posted by Matthew Chan
Posted by Matthew Chan on February 17, 2000 at 20:51:56:
Has anyone sold a house and kept the land? If so, are there any issues that I need to be aware of regarding this transaction? I realize I will probably have to get my R.E. attorney to help in writing the deed.
And if you do sell the house without the land, is it typical to charge some time of rent just to solidify the fact that the land is NOT being sold with the house?
I know my request is a little out of the ordinary but why give up the land when you don’t have to? Heck, I would be willing to collect no rent for the land if I sold a house close to market value.
And if you keep the land, you keep the air and mineral rights, correct?