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recreational lease

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recreational lease

(1) Separate ownership of recreational facilities at a condominium project or planned unit development, with the owner leasing their use to the residents. (2) Leasing of land for recreational purposes such as hunting, fishing, snow sports, and motor sports. It is a method of keeping land largely natural and still enjoying some sort of income.



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Franchisees develop and manage recreational leases on private land, creating new income for landowners and new hunting opportunities for the sportsmen.
The park is comprised of about 400 acres of lands from a Joint Powers Agreement, a long-term recreational lease, an acquisition from the Trust for Public Lands and a conservation easement.
The new model act would extend recreational lease coverage to nonprofit organizations and allow tax abatement as an incentive.
 
 
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