Is Real Estate A Scam? To clarify, a BOT (build-operate-transfer) joint venture, i.e. Use my land for free for a certain period to build something we both agree on, make money from it and give me back my land and that thing you built after an agreed amount of time, is set at any terms agreed by both the developer and land owner. It can be 1 or 50 or 500 years. This one just happened to be 21 years. | Folajomi Ibrahim