Greek philosopher Heraclitus said, “Change is the only constant in life.” COCLT knows you are not going to live in your home forever, and variables exist in the financial market that may make a lower interest rate too good to pass up. The Land Lease has very clear protocols that must be followed when you are considering either selling your home or refinancing your leasehold mortgage loan. You can find the necessary forms here, and the information below can help you get started.

Selling Your CLT Home

Are you ready to sell your home to the next eligible homeowner? First we want to thank you. We appreciate your investment in - and stewardship of - your COCLT home. Your commitment not only benefited you, but also enables future generations to purchase affordable homes in our community.


If you are ready to sell your home, please contact COCLT as early as possible so that we may assist you in the process. Information on the sale of your CLT home can be found in Article 10: Transfer, Sale or Disposition of Home. COCLT has a Right of First Refusal, and will most likely wish to purchase your home back directly, easing the sometimes costly and time-consuming selling process. Give us a call today!

Refinancing Your CLT Home

Are you interested in refinancing your CLT home? In many cases, you can! Before beginning the process, you must contact COCLT to discuss your options. Your Land Lease (Article 8: Financing) requires that any mortgages, deeds of trust, or other encumbrance on the property must be approved by COCLT. As community steward of the land, we must review and approve your refinance to protect the affordability of the property and secure its long-term value.