Name:   hounddog Subject:   Alabama Power Co leases Date:   9/1/2015 3:00:10 PM

We have a neighbor who bought a home on a leased lot . They want to buy the lot now so they had it appraised by a realtor . I believe the realtor quoted them about 250 k for the lot value and they said that APCo gave them a price of around 325k to purchase .

they have made a lot of improvements to the lot out of their own pockets . I guess APCo is using those improvement values to determine their evaluation . I can't help but wonder what they expected to happen other than what is . If you lease property and make improvements to it ,the owner of the property is going to be the one to benefit from those improvements in the long run . I am not the sharpest tool in the shed by a long shot but I believe that I would only  "buy " something that I would be the sole owner of . If I was going to lease a lot , that lot would remain as it was when I leased it and would put  no more than a modest cabin on it that I could walk away from without being hurt too badly . Or maybe just park a motorhome on it that I could drive away in .