Repossession of land + Changing the name of a region ?

While I dont "sell" my land before a rental, I did consider it in order to get back the money I footed out to buy the sims in the first place. In alot of cases with land like this the sim owner only gets paid for those parcels once, as the 'new owners' are then permitted to sell it later if they choose to not rent with them anymore. JUST like owning on mainland. However I dont think any landlord sees that money as a "Deposit in case I cant pay my rent" kind of deal.

Being evicted and banned due to a scam is a big difference than being evicted after you dont pay your tier, or 'rent', on time. Reading through the rest of the post you quoted a small portion on, that is pointed out that people should get communication and time to get their items out or work things out with the landlord as well.

Depending on the size of the land, the landlord could very well lose a lot of money just waiting around for a 'renter' (the term lease seems more appropriate) to pay them. Especially if they only received the initial payment for the land to cover the cost of the sim in the first place.

Hands down, if you know you are not going to have the money to pay your bill you should immediately put that parcel up for sale (within the covenants rules) and communicate with your landlord.

Besides, read all of my post to see my stand on this, quoting one part and taking it out of context doesnt help. The post was in reply to another post, not the OPs hypothetical situation. Note the underlined...fully states that in those RL situations the person would get communication and time, which I fully stand by. That being said I do not think a landlord should sit around for long periods of time waiting for payments simply because the land was purchased in the first place. If you sign up for an agreement, stick to it...just like the landlord should. Again, this is not in reference to scams.

"In any of those cases...

If they take your house....
If they take your car.......
If they take your land.......

They still contact you ahead of time, give you a chance to pay your bill or respond, and after said amount of time you get a notice of their plans to reclaim and more than enough time to get your stuff out of the house/car/off the land etc.

Here that isnt as much of a luxury as the sim owner could lose out on a large sum of money and have the possibility of their own land being reclaimed by SL, so the time frames would be vastly different. The point still stands you cant compare RL to SL, seriously."

I just had to add, cuz I'm in a clarification kind of mood lol

From the OP

"let's say you paid 55k for a chunk of land, also paid your first 2 months of Tier to the PI owner, and suddenly fails to make your new Tier payment... can you consider that the Baron will take all of your initial 55k without any reimbursement ?? So, you bought Land for nothing, better to just rent ??"

In that statement it reads that the person in question purchased land, paid 2 months of tier and then suddenly failed to make new tier payments, resulting in the land being reclaimed.

IF the landlord communicates and takes the proper time to try and work the situation out (read it, the following is assuming that happens), then I think yes, they are fully within their rights to take the land back and resell it. Same as LL would, just perhaps with a different time frame (again, the landlord has to make tier payments, LL doesnt lol).

I've been watching covenants lately because I'm thinking of getting my 3rd sim and would like to actually break even. So I figured I would see what other people are doing. I saw one covenant that had a lot of potential for abuse. The covenant on this Island plot was one where you "buy" the plot for a sizable initial amount, and then pay a tier, with the option to resell the plot to others. What raised red flags was 3 things. 1) the amount of the tier was never listed anywhere in the covenant, leaving it to be raised at any time. 2) The Island owner stated clearly they would *not* buy back plots, and that it was the purchaser's responsibility to sell it if they wanted to leave. And finally 3) Tier must continued to be paid while the land was up for sale. Separately these seem innocuous, but I could see a scenario where someone buys the land for an initial low tier, then later have their tier jacked up, and not be able to sell off the land. Then their choices would be, a) continue to pay the outrageous tier, or b) have their land reclaimed when they don't pay it. This is a model I won't be following, that's for sure.

I have found, in well over a dozen sims, hundreds of residents and across countless grid bugs, social dramas and situations... I've yet to reclaim land from even one person, save for nonpayment.

Nonpayment is, well... nonpayment. I may float property a couple of days if there is some overwhelming grid bug preventing $L purchases or something (as I did recently for a few people during the recent $L purchase failure), but that's about all I can do.

One has to seriously ask: do you really want to have land in a sim where the owner also acts as a bank, making loans to exactly those who have shown a history of payment failure?

Or do you want to have land where the owner has bright-line rules for all to follow equally, some financial sense, and locks tier budget away instead of "investing" with it?

* * * * *

Let's discuss refunds for a moment.

From a practical standpoint, refunds are a financial risk to region stability. A 'no refund' policy effectively limits risk; a 'full refund' policy means that your regional financial stability is only as good as the collective whim of your tenants.

At which point, it's hard to hold the region owner accountable, if he's effectively deeded the area's financial stability to your neighbours by way of a refund policy.

Furthermore, refunds become a sort of carrot for the disaffected. "If we have a problem with your behaviour we'll refund your money and throw you out..." - that's basically saying: grief me and I'll even pay you to do it!

The trick is to run a region well enough, and keep it nice enough, such that you are *worth* a no-refund policy.

* * * * *

None of this, of course, claims that all landlords are good. Doubtless, there are some really nasty ones.

However, knowing what it costs to gain a sim full of tenants from unknown (a lot of time and effort while your tier is constantly running) and what it costs to move (150 USD) and rename (50 USD) an island... I'd guess it's a pretty crummy way to make money, and probably waaaay more work and expense than just being decent.

wow, lots ot discussion here since i left
In fact, about the last point, i just wanna change the name of the Region of my SIM, not its name, like (just an instance) :

NAME OF THE ISLAND : MY OWN ISLAND
NAME OF THE REGION: MY OWN ISLAND

to

NAME OF THE ISLAND : MY OWN ISLAND
NAME OF THE REGION: MY OWN ISLANDS

I made an error when i ordered the PI at the SL store, at this time i wasn't aware that the region name was important too

Yes - I have seen this covenant too
very risky: but once again - this contract is worth about as much as the paper its written on. If either party defaults there is no recourse to enforcement: its simply an issue of who wields the big stick. In this case the big stick is in the hands of the landlords. The only weapon the renter has is "ill sully your reputation". Well, sorry - If I'm a scammer bent on defrauding people out of money - i've allready got 100 alts lined up: the land switches hands and the con just continues.

I guess If you plan on renting - you really have to ask around and not click anonymously on the first nice parcel that you see.

what is any covenant worth anyway ?
no one is reachable outside of SL and LL wont
intercede on land deals unless things get majorly out of hand.
2 weeks back a guy that was renting a sim and then renting vendor spots out on the sim
he just dissapeared after failing to make a tier payment on the sim but he got all out money ok
including 750L of mine for 2 weeks rent, i sent him an IM which he faild to respond to but LL arnt going to do anything about it.

so the only good a covenant does is let you know the things you can and cant do on the land
as it offers no security what so ever as the person can just disapear.

its irellevant weather you buy land from LL or a private sim owner fail to pay the teir it will be taken back and myself i would rather get to know a my landlord personally and have daily contact with them and a good working relationship then buy from LL that most of the time cant be contacted and when they can the support is very lacking.


just my 2 pence worth