Sold In-Fee

[Geoffrey K.]

I'm jumping the gun, but I can't help satisfy the curiosity of a quick internet search for homes up for sale. In my research, I came across a statement that reads "properties are sold in-fee (deeded, no ground rent)."  What does that mean?

Note, this is in a community of mostly permanent single-wide, double-wide, and modular homes in a permanent residential/seasonal vacation town. There is an annual association (HOA) fee with this community as well.

Thanks!

[Greg Wilkins]

"In fee" means that you own the land and the improvements or dwellings. It is the most complete form of ownership. Whereas "ground rent" means that you are leasing the land but own the dwelling.