Need Some Help w/ Land Lease
Quick land lease question: If I have a parcel and, say, 20 buildings on it that I want to rent out (to 20 different people), can I put each of the 20 units on a separate land lease? In other words, can I divide up the parcel into 20 equal portions and sign a land lease for each portion individually? Or would I have to actually have the parcel replatted into 20 individual parcels?
I've got zero commercial real estate experience, but I have an idea and I don't even know what I don't know :). Thanks in advance for your input.