Phrases with «land lease»

"Land lease" refers to an agreement where the owner of a piece of land allows another person or organization to use the land in exchange for regular payments. It is like renting the land for a specific period, typically for activities like farming, housing, or commercial purposes. However, the ownership remains with the landowner, and the person using the land is known as the "tenant" or "lessee". Full definition

Related phrases

Sentences with «land lease»

  • Each solar farm is 10 to 12 acres in size and is built on land leased from the farmers. (ldeo.columbia.edu)
  • This will apply to residential tenant properties, but not care homes, mobile home parks, land lease communities and most social housing. (moneysense.ca)
  • These facilities bring economic development and diversification to over 100 rural communities through land lease income, property tax payments, ownership revenue and community benefits agreements. (canwea.ca)
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