Land Lease

A land lease is a type of financial arrangement in which the land under a structure is leased rather than sold to the home owner, meaning that the land and the home are owned independently.

At RiverBend Golf Community, you purchase the home and Sifton Properties Limited retains ownership of the land on which the home sits. A land lease agreement is prepared for your home site for an extended period of time (usually 49 or 99 years). Each lot at RiverBend has been individually evaluated, assigned a market value and finally a land lease amount determined. Land lease costs differ from lot to lot.

The RiverBend land lease will save you the initial cash outflow on the land upon purchase and ensures that the homes and the community will always meet your initial expectation. The lease ensures Sifton Properties will participate in the long-term future of RiverBend and guarantees that all homes will meet our high building standards and blend together to form an appealing, well-maintained community.

Your rights as a homeowner at RiverBend will be fully protected by your lease with Sifton Properties. This lease will clearly define the obligations of all parties and cover subjects such as resale considerations, termination of lease, rate increases and estate issues. To learn more about the RiverBend Land Lease, please visit our Presentation Centre and speak with one of our Sales Associates.