This template should be used to develop the agreement between a homeowner and the community land trust.
This Resource at a Glance
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22 Files
Key take-aways:
- A ground lease is an agreement between a community land trust and a homeowner.
- It is important to use the 2011 Model Ground Lease as the foundation for your ground lease to ensure that your homebuyers may access mortgages originated and sold to Fannie Mae or Freddie Mac .
The 49-page 2011 Model Ground Lease is a template document for agreements between community land trusts and homeowners. The document also gives commentary on the decisions behind lease types. Grounded Solutions Network members may request a Word document version of the model ground lease by emailing [email protected] .
This page includes the ICE model ground lease, which is no longer in use but is included here for archival purposes. Any new or existing program amending or creating their model ground lease should use the 2011 Model Ground Lease.
