Do NY homeowners own their land?

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2026-03-26 16:05

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In New York, homeowners typically own both their homes and the land on which they are situated, especially for single-family homes. However, in some cases, particularly with condominiums or cooperative apartments, homeowners may only own the interior of their units while the land and common areas are owned collectively by the association. Additionally, in certain areas, ground leases may exist where homeowners lease the land from a separate owner. Overall, it varies based on the property type and ownership structure.

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