Thanks for a well thought out reply. Made some very strong points there.... though to my sadness, not in my favor.
Agreements are enforced by reputation. That just solidifies what was said earlier that nobody oversees or cares to enforce consumer rights. But not everywhere you go has consumer rights. Bummer.
The price was suspicious. But there is also a lot of freebies and giveaways you find, most small, but some significant. SL is filled with people who give things away, just because they can and if you are at the right place at the right time, boom, you get it. I never purchased land/ homestead/ property/tiers, I may still be a little unclear to exactly what is what. However I do know there is a price for the land an weekly or monthly. I am not sure if there are parcels that are exempt from the monthly dues, especially if you get 512m as a premier.... free land right there (with membership dues). I saw in the property description, you could pull up, that it is grandfathered. To me, that could be a sign it was exempt from paying because over the years I can imagine things evolved. On top of that, it is a private land, so Linden Labs does not touch them and the monthly "rent" goes straight to private owner. As you can see, I have been trying to make a rational decision based on what I had. Since there is only one homestead (that I know of) I had to jump on it before someone else did.
In this case, the way I read it, I get all the rights to the land for 40$L and 0/ week, so by agreeing to it, it becomes mine. I saw in the property
Reading through the termonology and what is advertised with this case and most others, lawyers would have a field day since termination rights and agreements do the sellers (and buyers no justice).