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ground lease

 

Definitions from the Web

Ground Lease

Definition: A ground lease is a type of long-term lease in which a property owner leases land to a tenant who often constructs a building or structure on the leased land.

Example Sentences:

Noun: The ground lease allowed the restaurant owner to operate his business on the landlord's property for the next 50 years.

Verb: The developer decided to ground lease the vacant land to minimize upfront costs and focus on the construction of the office building.

Related Products:

Ground Lease Agreement

Land Development Books

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