Benefits

What are the Benefits of a Land Lease Community?

When you lease your homesite you become, in essence, a partner with Baywood - a long-term relationship that enhances your home and community value. Both you and Baywood are committed to ensuring the community is an outstanding place to live for years to come. The main advantage when compared to the cost of buying is that you retain the payment you would need for the homesite, so you can invest it, use the money to offset living expenses, or just save it for a rainy day!

Often the costs of Homeowner Associations, amenities and membership payments in other communities may come close to, or even surpass, the amount of your land lease payment at Baywood Greens. Your lease payments include professional property management and other services you would normally pay extra for, such as pools, golf discounts, community/fitness center, tennis, access to Bay beaches and marinas and total community common area care. And, of course, the most beautiful 18-hole golf course in Delaware, right in your back yard.

Our professionals provide complete community maintenance through daily hands-on management of all community assets and the community regulations. We maintain the resources to correct problems that may arise in emergency situations, such as storm cleanup, tree care and snow removal.  For other situations, a call to our Public Safety Department, on duty 24 hours per day, can bring peace of mind or relief. Our homeowners must meet approved standards of residency, resulting in a better quality of life among neighbors, as well as a lower stress living environment.

Homeowners in Baywood Greens may choose to sell their home independently, or have our on-site sales team represent them in the sale. Baywood Greens on-site sales representation assists by increasing the opportunity for the home to be viewed by potential buyers. We have an entire section of our website dedicated to those whose homes are being sold through our representation.

Because the cost of the land is not included in the selling price of the home, our lower home pricing appeals to many home-buyers.

Yes.  For those buyers who opt to finance their homes, conventional 30-year mortgages are the primary type of loan used.  Baywood homes are also fully eligible for HELOCs, reverse mortgages and VA loans.  When looking at income ratios, your lender will include the lease amount along with the house payment, to determine your individual qualifications.

When you lease your homesite you become, in essence, a partner with Baywood - a long-term relationship that enhances your home and community value. Both you and Baywood are committed to ensuring the community is an outstanding place to live for years to come. The main advantage when compared to the cost of buying is that you retain the payment you would need for the homesite, so you can invest it, use the money to offset living expenses, or just save it for a rainy day! Lease fees are listed as monthly amounts onour website. Land leases fees are determined by view and location and have nothing to do with size or price of home. Residents pay their lease fee in quarterly amounts.

Baywood Residents receive a 25% discount on Greens Fees (for their golfing party), our driving ranges are free, we have a terrific pro-shop on site, tennis and pickleball courts, 15% off your meals at our gorgeous clubhouse, community center with summer kitchen, 2-tiered Caribbean style pool, dog park and children's playground. You also have access to our stunning, private bay beaches (located 2 miles away), multiple fishing and crabbing piers, boat and kayak launches, marinas, 2 outdoor seasonal restaurants, a nature preserve, additional playgrounds and sports courts as well as other dog parks. You are receiving resort-style amenities with no membership fees or minimums to spend at our restaurant. Our professionals provide complete community maintenance through daily hands-on management of all community assets and regulations. We also maintain the resources to correct problems that may arise in emergency situations such as storm cleanup, tree care and snow removal throughout our communities.  Plus, your lease payments include our Public Safety Department, on call 24 hours a day.