Difference between revisions of "Land choices"
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This simple table shows potential benefits of '''buying land''' compared to '''renting land''' which is a popular comparison Residents wonder about. This is a general overview, so consult specific situations to get accurate details. Keep in mind you can buy ''and'' rent land simultaneously, given that all other requirements are met. | This simple table shows potential benefits of '''buying land''' compared to '''renting land''' which is a popular comparison Residents wonder about. This is a general overview, so consult specific situations to get accurate details. Keep in mind you can buy ''and'' rent land simultaneously, given that all other requirements are met. | ||
'''[[Renting_land|Be sure to see the | '''[[Renting_land|Be sure to see the Renting Land Guide for further details.]]''' | ||
{| {{KBtable}} | {| {{KBtable}} |
Revision as of 07:35, 21 April 2010
What land should I buy?
There is no single right answer, and depends on what you want to do. If you're uncertain, there's because there's plenty of room for exploration. Furthermore, what's right for you today may change as your needs grow.
Types of land
- You can:
- Buy land parcels or regions - Land use fees are paid to Linden Lab. Requires a Premium account. Regions come in several types.
- Rent land parcels - Land use fees are paid to a Resident "landlord".
- Bought and rented land can be:
- Developed - Land has pre-built buildings on it, often for a theme that fits your needs. This includes our Themed Private Regions.
- Undeveloped - Land is basically blank or raw. Start from scratch to build your vision.
- Land can also be on:
So for example, you could rent undeveloped land on a private estate.
Tip: What's the difference between "parcel", "region", and "estate"? |
How do I buy or rent land?
These articles explain more:
- How to buy a parcel - Essential basics which apply when you're buying mainland and renting on a private estate.
- Renting Land Guide - Includes comparison table and answers to popular questions.
- How to get a Linden Home? - A Linden Home is included with every Premium account. Learn more about account types.
- Buy a private region - This goes to our land store.
- Private region types - A comparison table.
- How to rent land to other people - If you want to become a landlord.
Buying vs. renting
This simple table shows potential benefits of buying land compared to renting land which is a popular comparison Residents wonder about. This is a general overview, so consult specific situations to get accurate details. Keep in mind you can buy and rent land simultaneously, given that all other requirements are met.
Be sure to see the Renting Land Guide for further details.
Buying land | Renting land | |
---|---|---|
Premium account required? | Yes | No |
Initial parcel payment? | Yes, to purchase parcel from another Resident or LL, then land usage fees | Often no on private estates, where a token L$0 is "paid" to claim the parcel |
Land usage fees | Paid monthly to Linden Lab | Paid to Resident landlord, usually monthly but varies |
Land usage payment currency | US$ or another real-world currency; can't be paid in L$ | Commonly paid in L$, US$, or another real-world currency |
Payment schedule negotiable? | No | Maybe; ask landlord |
Land usage rules The TOS always applies |
Mainland policies | Ask landlord; private estate rental is subject to a covenant |
Does About Land show you as owner? | Yes | Yes on private estate; no if renting on mainland |
What happens when land is unpaid? | Linden Lab sends delinquency notice and your account is suspended | Landlord can send warning, or reclaim parcel |
Can LL/landlord reclaim your parcel any time they wish? | No. Your account must be delinquent for at least several weeks | Yes. Not a practical concern if you have a good relationship with your landlord |
Themes? Land with pre-built buildings in a particular style |
Yes, for Linden Homes and Themed Private Regions; also, if the previous owner sells objects with land | Yes, many varieties created by Residents |
Terraform range | Usually +/- 4 m; Linden Homes don't allow terraforming | Depends, could be +/- 0 to 100 m |