Lake Property and Shoreline Ownership
Every lake home buyer has the same question when it comes to shoreline ownership. Do you own this land, or lease it? The choice does not always belong to you. Who Legally Owns the Land? The owner of the lakebed and the shoreline property may have stipulations on the way they can legally offer building lots. Most owners of major, developed lakes in the United States are public utilities. Utilities such as power companies or government agencies like the U.S. Army Corps of Engineers. In fact, some estimates show that these kinds of shoreline ownership accounts for about 90 percent…