Anyone interested in becoming a cottage site lessee does so by purchasing a cottage/residential structure from an existing cottage site leaseholder. Individual lessees typically list their cottages/homes for sale either by themselves or through local realtors. Purchase agreements between buyer and seller serve as the catalyst for the sale of the structure(s). The structure(s) transfer from seller to buyer by bill of sale.
In conjunction with the transfer of the structure, MWCD administers a lease assignment process to transfer the lease for the land on which the structure sits, to buyer from seller. The lease assignment process includes a required “lease conference” to be attended by the buyer in order to have any questions regarding this rather “unique” lease opportunity answered prior to the real estate closing. The lease conference is the beginning of an often long-lasting partnership between MWCD and the buyer. An even more important purpose of the lease conference is let the buyer put a face with the organization.
Lease terms are for 30 years. A 40 year lease may be utilized, for the purpose of satisfying certain mortgage lender requirements. MWCD assists in securing lenders interests in the leasehold with a mortgage consent agreement. The mortgage consent agreement assures the lender that the lease will not be transferred until any outstanding mortgage has been satisfied. The lease contains a first right and option to renew clause, which gives the lessee the first right and option to renew their lease for similar terms and conditions for an additional lease term(s). The 40-year lease term, first preferential right and option to renew and the mortgage consent process alleviate most lender concerns with regard to financing cottage purchases.
Sanitation and water on many properties consists of individual wells and septic systems that are owned and maintained by the individual cottage owners (lessees). However, some areas have central water and/or wastewater treatment systems in place. Prospective lessees should determine the status of water and wastewater facilities serving the area and lot they may be interested in. Roadways are maintained by MWCD, including wintertime snow and ice control.
Law enforcement activities around MWCD lakes consist of cooperative efforts by the county sheriff, MWCD ranger staff, and Ohio Department of Natural Resources (ODNR) wildlife and watercraft officers that enforce laws and regulations of the state as well as MWCD Rules and Regulations. Fire protection is provided by local fire departments located adjacent to MWCD lake areas. Electric, telephone and cable, if available, are provided by local private utilities.
