What happen if the land lease is not renewed? (The ownership is subject to the 60 years land lease renewal)Īs long as these TS are under a valid land lease they are just like a deeded property. Still the resort is totally owned by the owners. Why? Because they are build on a land lease. Marriott properties are not deeded they are certificate of ownership. And total ownership implies that you own the land as well. (The land cannot be leased for a property to be deed)ĭeed means that it is 'totally' yours. To be considered deeded a property need to be built on a purchased land. The land is lease by the government to the resort (usually) for a renewable period of 60 years. The vast majority of the TS and hotels in Aruba are built on government land.