December 15, 2008
What are Lake Rights?
You're looking at the real estate ads and you see “LAKE RIGHTS”...
...private lake rights, association lake rights, association lake access, private lake access, etc. Exactly what do these terms mean? First, they mean basically the same thing and are used interchangeably by realtors in their lake property descriptions and marketing. Second, if you’re looking for property in The Lakes area, it’s a very important term to understand. 
Since it’s not in the Webster’s Dictionary, I offer this definition: “Lake rights” are the rights to use an exclusive portion of lake frontage that is shared & owned in common by a group of homes called an “association”. Only these homes may use this frontage. The frontage owned by the association may be 50 feet or 150 feet; it may be shared by 5 homes or 150 homes and it may offer any combination of amenities such as boat slips, buoys, ramps, swim piers, etc. All of these variables affect the value of the homes within the association. If you are considering a lake home purchase and a lakefront isn't in your budget, lake rights are an excellent option.
To search for Lake Properties visit: www.marcyhammett.com and click on Property Search, then Waterfrontage/Access.
Posted By: 
Marcy Hammett
Tagged With:
lake properties,
lake rights
and private lake rights
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