Who Manages Georgia Lakes?

Hank Miller Team

Georgia Power has similar deep interests; homes on their lakes have land leases granted to the owners. The company retains ownership of the land and leases it back to the owner of the structure.

Lake Home

Hank Miller Team

Georgia Power has similar deep interests, homes on their lakes have land leases to the owners. They retain ownership of the land and lease it back to the owner of the structure. Buying a lake home presents additional challenges a normal home doesn't; in Georgia those challenges can be formidable. Two major players influence lake homes in Georgia; the US Army Corps of Engineers and Georgia Power.

How to Handle the Weird Stuff: Appraisal Methods from an Experienced Florida Appraiser

McKissock

Example: Land lease. In a large development of approximately 300 houses, four of them were on a 99-year land lease with 55 years remaining. Reason was it was the last portion of the block of land, and the owner wouldn’t sell, but did agree to the land lease.