Difference between revisions of "Land choices"

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== Buying vs. renting ==
== Buying vs. renting ==


This simple table shows potential benefits of '''buying on the mainland''' compared to '''renting on a private estate''' which is a popular comparison Residents wonder about. This is a general overview, so consult specific situations to get accurate details.
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.
 
{| {{KBtable}}
|- {{KBtablehead}}
! width=200px |
! width=200px | Buying land
! width=200px | Renting land
|-
| '''{{xref|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$0 is "paid" to claim the parcel
|-
| '''Land usage fees'''
| [https://secondlife.com/my/account/landfees.php Paid monthly] to Linden Lab
| Paid to Resident landlord, usually monthly but varies
|-
|'''Land usage payment currency'''
| US$ 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'''<br /><small>The [http://secondlife.com/corporate/tos.php TOS] always applies</small>
| [[:Category:Mainland_Rules|Mainland policies]]
| Ask landlord; private estate rental is subject to a [[Covenants|covenant]]
|-
| '''Does {{winlink|About Land - General|About Land}} show you as owner?
| Yes
| Yes on private estate (but land can be reclaimed by landlord); no if renting on mainland
|-
| '''What happens when land is unpaid?'''
| Linden Lab sends [[What_happens_to_delinquent_accounts|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
|-
| '''Terraform range'''
| Usually +/- 4 m; Linden Homes don't allow terraforming
| Depends, could be +/- 0 to 100 m
 
|}
 


For further details, see "[[Renting_land#Why_rent_on_a_private_estate.3F|Why rent on a private estate?]]"
For further details, see "[[Renting_land#Why_rent_on_a_private_estate.3F|Why rent on a private estate?]]"

Revision as of 12:09, 19 April 2010

Torley's working on this. Plz don't touch until gelled!

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 - Land use fees are paid to Linden Lab. Requires a Premium account.
    • Rent land parcels - Land use fees are paid to a Resident "landlord".
  • Land can be:
    • Developed - Land has pre-built buildings on it, often for a theme that fits your needs.
    • 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.

KBtip2.png Tip: Learn the difference between "parcel", "region", and "estate".

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.

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 (but land can be reclaimed by landlord); 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
Terraform range Usually +/- 4 m; Linden Homes don't allow terraforming Depends, could be +/- 0 to 100 m


For further details, see "Why rent on a private estate?"

How do I buy/rent land?

These articles explain more: