Palm Springs and parts of Rancho Mirage and Cathedral City are on leased land owned by members of the Agua Caliente Indians. The Palm Springs Lease Land is laid out by sections in a checkerboard fashion. There are some benefits to buying a home or condo on lease land.
Over 23,000 residential and commercial properties are located on Palm Springs Lease Land in the community. Leases are administered by the Bureau of Indian Affairs. You are given the right to use the land during the term of the lease. Homes and Condos on lease land in Palm Springs have some of the best locations and views in the Coachella Valley.
Historically Palm Springs leases have been renegotiated for extension when they get down to 30 years remaining on the lease. Most leases initially were for 65 years. The leases are generally extended for another 25 year period when they are renegotiated.
It is important to determine early in the buying process if the property you are considering is on lease land or fee land. (Fee land means you own the land). And also just as important is that you understand the terms of the particular lease as each lease is a little different.