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Business Definition for: ground lease
ground lease
lease on the land. Typically, the land will be under a building, which will have its own leases with tenants.
ground lease
lease that rents the land only. One who plans to develop a structure on land that is ground leased will usually insist on a long-term-lease, such as for 30 or more years.
ground lease
one that rents the land only.
Example:The landowner, Abel, gives a 50-year ground lease to Baker. Baker must pay $5,000 per year rent. At the end of the 50-year period, Abel owns the land free and clear and whatever improvements that Baker left on the property.
Copyright © 2006, 2003, 1998, 1995, 1991, 1987, 1985 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
