My Home Tracker
333 N Palm Canyon Dr Ste 102
Palm Springs, CA 92262
Joan Ross is licensed in the state of California
CA DRE License #: 01084585
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Indian Land Leased Specialist - Palm Springs Real Estate Expertise
Indian land leases found in
Palm Springs real estate
listings may be a source of confusion and misinformation for buyers when
searching among Palm Springs desert homes
. To understand why a
would need an
Indian land leased specialist
, one must delve into the history of the city.
Palm Springs, BC (Before Celebrities)
The Cahuilla Indians first lived in the Palm Springs area about 2000 years ago. In 1876, the government deeded 640-acre alternating sections to the Southern Pacific Railroad as an incentive for linking Los Angeles with the rest of the country. The non-railroad sections were reserved for the
Agua Caliente Band of Cahuilla Indians
, a tribe of smaller bands of the original Cahuillas.
Agua Caliente Indian Reservation
, comprised of 32,000 acres, extends into the city limits of Palm Springs. With 6,700 acres of partitioned squares, the biggest landowners of Palm Springs real estate are the Agua Caliente tribe.
Palm Springs, AD (After Dwight)
Initially, the Agua Caliente tribe could not sell or lease their land thus rendering it practically useless compared to adjacent non-Indian fee land. Beginning in 1959,
President Dwight D. Eisenhower
that allowed the tribe to profit from the sale and lease of their reservation property.
After the enactment of the Equalization Law,
a profusion of real estate development flourished in Palm Springs
. The post-war, mid-century modern era brought an influx of tourists, and the advent of air conditioning made staying in Palm Springs a year-round option.
Lease Land vs. Fee Land
Palm Springs desert homes
on leased Agua Caliente tribe land give the buyer ownership of the home but not the land. Leased land belonging to the Agua Caliente is administered by the
Bureau of Indian Affairs
for the benefit of the tribe. The maximum lease term for leased land of the Agua Caliente is 99 years. In contrast, when buyers purchase a home built on fee land, they own both the land and building.
Advantages of Lease Land Purchase
Purchasing a home on leased land could possibly:
‒ Lower home price since the land is not included in the purchase.
‒ Lower property tax since only the home is assessed.
‒ Allow purchaser to afford a better neighborhood.
Disadvantages of Lease Land Purchase
The downside of purchasing a home on leased land can include:
‒ Difficulty obtaining a mortgage loan.
‒ Losing the right to occupy the property if the lease is not renewed or “runs to zero.”
‒ Increased cost of the lease by the owner at the time of renewal.
‒ Additional documentation requirements which may delay process.
It is difficult to distinguish between Palm Springs homes that sit on lease land from those on fee land. The advantages and disadvantages listed above may not apply in every transaction. This is why homebuyers need an
experienced Indian land leased specialist like
With the “
My Home Tracker
” homebuyers can create a personalized account to access
current market reports
browse through updated listings of Palm Springs homes
With a wealth of experience, Joan is ready to provide comprehensive information and access resources to meet clients' objectives.