House for sale By Owner Leisureville
Boynton Beach, FL
Palm Beach Leisureville
Adorable 2 bedrooms, 1 bath, plus
family room (can be 3rd bedroom),
living room /dining room, garage.
Click the link at the end to learn all about Boynton Beach.
All About The City of Boynton Beach
Palm Beach County, FL
http://www.boynton-beach.org/
City of Boynton Beach - 2008 Digital Cities Survey, 10th place award for a population 30,000 - 74,999
Both Monthly fees are mandatory unless you buy the house with a paid up lease. If the rec lease is paid up, you don't pay $77.00 a month.
I offer two different sale prices.
If you're good at math, $77.00 a month is roughly $1,000 a year. If you leave the $35,000 (cost of paying up lease) drawing interest at 4%
you would get more than $1,000 a year and can leave the $35,000 to your heirs or access it if you need a car or something.
The rec lease is protected by non-profit law. The fee can only be raised once every 5 years and only per the cost of living index. It can't be raised for the next four years. In the ten years I own the house, the rec fee has gone from $56 a month to $67 and then to $77. You'd need to pay for 35 years
to equal the $35,000 to pay it up.
Does it make any sense to pay off the rec lease?
find what else you need in our
J. Mark Cutlery Web Site Directory
Read our important information near the
end of this page before you order.