Owning or Leasing the land beneath your feet
There are many lakes in Illinois which vary in the way you’ll live. Many of us understand that when we buy a home we also own the land or lot where it resides; however, a lake may pose a different scenario. A home owner may actually have to lease the land or shoreline from an entity like DNR, the local city, or the lake association itself. There are obvious benefits/ limitations to each way. Lake House Jerry brings this knowledge to his clients to better educate them in this home buying process.
