Tag: land lease

Land Lease Requirements for Condominiums

Question: My client is purchasing a condominium in a complex on a land lease. The land lease extends over 70 more years.  What are the requirements for approval?  Do we need an attorney opinion letter? MC – Condominium Eligibility Chart Answer: Leasehold Estates Fannie Mae purchases or securitizes fixed-rate and adjustable-rate first-lien loans that are […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top