THE BOREY GROUP INC.
PALM SPRINGS, CA

An Indian land lease on the Agua Caliente Indian Reservation is a contract between the Indian Landowner and the lessee. The landowner conveys the right to use and occupy the property in exchange for rent. The Agua Caliente Indian Reservation encompasses approximately 28,000 acres of land in the western Coachella Valley, including portions of Palm Springs, Cathedral City, Rancho Mirage, and unincorporated areas of Riverside County. There are 1,175 commercial leases, 7,671 residential subleases and 11,118 time-shares on Indian land leases under the jurisdiction of the Bureau of Indian Affairs-Palm Springs Agency. An Indian land lease on the Agua Caliente Indian Reservation may be negotiated for any period of time but may not exceed 99 years. It all began in 1876, when the Pacific Railroad laid the tracks between Los Angeles and Yuma, AZ The U.S. government deeded the Agua Caliente this land throughout the Coachella Valley. The government gave the railroad a checkerboard of every square mile of land for 10 miles on either side of the railroad right-of-way. Today, most Indian leases are administrated by the Bureau of Indian Affairs; a homeowner doesn’t deal with the Indian owners directly, but instead usually with the appointed property management company or Bureau of Indian Affairs office. Many people ask; what happens at the end of my lease? Since there is no legal restriction prohibiting the Lease Holder (Indian tribe) from selling their land, you or your heirs may have the option to purchase if you wish to do so. However, most probably, you would be offered a new lease based on conditions existing at that time and there may be large fees involved so make sure you are aware of those cost ahead of time. Please Note: None of the above statements can be guaranteed. Before you get into a transaction on Indian lease land, DO YOUR HOMEWORK, you should read and review all contracts, leases, fees and information about the specific lease as all leases are unique I also recommend that you consult with your accountant, attorney and tax advisor prior to making any purchases on Lease OR Fee land. Sorry, we are unable to send your message at the moment. Please try again later. Carl’s journey in the real estate market began in the early 90’s as a Mortgage Broker in Florida and built up a wealth of knowledge and expertise about buying and selling real estate for his own investment. Carl has owned numerous businesses over the years and been a resident of Palm Springs for over a decade. In addition to being licensed in Florida and California to sell real estate, he currently owns a successful medical manufacturing equipment company. Carl’s creative and innovative approach to real estate has propelled him to the top quickly. Through focused efforts, constant communication and taking a people first approach with his clients, he was able to drive results that positioned him in the top 20% of producers at Keller Williams Realty®, Palm Springs Market Center. As a result, Carl was recently invited to participate on the Agent Leadership Council, a prestigious position similar to the board of directors which helps lead the market center and helps agents grow their businesses successfully. Most importantly, his success has resulted in many happy clients! Mission Statement: Sorry, we are unable to send your message at the moment. Please try again later.  (which was quoted in the article) revealed that over 80% of all homes now have “significant equity,” which means the home has over 20% equity. That level of equity allows the homeowner to sell their home if they so desire. (There was no reference to significant equity in the article.) If you are one of many homeowners who is debating selling your home and are wondering how much equity you have accumulated, let’s get together to determine if now is the time to list. 5 Ways VR Is Making The Real Estate Business Better For...