How to Read a Community Land Trust Ground Lease: Resale Formulas, Inheritance Clauses, and Exit Rights
Open your CLT’s ground lease to Article 10. That is where the resale formula, the heir-transfer clause, and the CLT’s purchase option live. If you are a board member, a homeowner, or an organizer who has been handed a 49-page document and told it is “standard,” start there, then work backward to the definitions page. … Read moreHow to Read a Community Land Trust Ground Lease: Resale Formulas, Inheritance Clauses, and Exit Rights