Phrases with «ground lease»

A ground lease is a type of contract where a property owner leases only the land to another party. The lessee is usually responsible for building and maintaining any structures on the land. The lease period can be long-term, typically ranging from 50 to 99 years. At the end of the lease, ownership of any buildings on the land usually reverts back to the property owner. Full definition

ground lease

Sentences with «ground lease»

You have a tenant on a 21 year ground lease with an option to renew for two consecutive additional terms of 10 years each. (lmrlawyers.com)
She is well versed in all types of real estate including representing both landlords and tenants in negotiating leases, net leases and ground leases for office, retail and industrial space. (egsllp.com)
In - N - Out has a 20 - year triple net ground lease on the property, with more than 19 years still remaining on the initial lease term. (nreionline.com)
(see all sentences)

Phrases with «ground lease»

Sentences with «ground lease»

See also