Land sale questions.

I presently own a sim on SL and have an interest in using the actual sales option to parcel off a few peices from it to sell, but theres at least two significant questions I dont know about how all that works.

First, when you sell a portion of that land, what happens on a month to month basis. I mean, do they get charged like they do on a mainland and when they pay does that money go to the sim owner or to SL? and/or is there any monthly charge at all?

Second, if you sell portions of land on a sim you own, are you still able to reclaim that land or would you have to buy it back from them? (On this one I'm assuming you have to buy it back from them.

Third, if you sell off portions of a sim, and there is a monthly cost that goes to SL and not the sim owner, does the sim owners monthly cost of that sim go down in price in equivalence to how much land was sold off?

And finally, if youve sold portions of a sim, and then decide to close the sim, what happens?

I can think of a few more questions but I'll hold off on them for now.

Hi Malendryn,

Let me see if I can answer your questions for you..

Because islands do not use tier, then those buying land on your island also do not use tier to pay for that land. Your fees remain the same regardless of how much of your island you sell in this way, their tier would also be unchanged. Therefore you and the buyer would need to come to an arrangement between yourselves on how they reimburse you for the portion of your island they have taken on.

This may be a rental agreement, or up front fee as part of the purchase price.. but however you do it, it is between you and the buyer.

With estate land you have sold in this way, you always retain the right to reclaim it at any time. Again, how you handle this with the tenant is between the two of you. Ideally you would lay out the circumstances under which reclamation would take place in the Covenant so that they would be aware of your rules before purchasing.

If you decide to sell or transfer the estate with tenants in place you would either have to reclaim the land (and possibly reimburse them) - or the new buyer would need to come to an arrangement with the existing tenants allowing them to remain.


Jack