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Land Lease Definition When the land under a building is owned by a third party, and the building (or portion) is owned by homeowners, the third party can charge for use of the land or ground upon which your new dream home sits.
Depending on to what extent the area is managed and marketed, waterfowl hunting leases usually bring from $5 to $50 per acre. White-tailed deer leases range from $3 to $15 per acre. Some landowners even lease their land with sealed bids.
Sixteenth Section Lands are not ordinary public lands. They are trust land, and legal principles regarding the management of trust apply. Law imposes on those responsible for the management of trusts, the highest standards of care and attention.