Rent paid to the owner for use of land, normally on which to build a building. Generally, the arrangement is that of a long-term lease (e.g. 99 years) with the lessor retaining title to the land.
a lease that allows the tenant to make use of the property or a land for a period of time specified in the lease or contract.Sometimes, the ground lease stipulates that the tenant must provide certain repairs or improvements to the property in order to secure the right to the property.
A land lease only. The tenant puts in the improvements.
is a contract under which the land beneath a building is owned by a third party and is leased to the owner(s) of the building.
Lease for land rental only, not the improvements.
a building where the land underneath is rented
an agreement pursuant to which a land owner leases his land to a tenant who, in turn, constructs a building upon the property
A long-term lease of land entered into by a tenant to construct a building from which to conduct its business.
A lease in which the tenant leases the land only and agrees to provide any buildings or other improvements at tenant's expense.
A long-term lease (usually in excess of 55 years) between the agency and developer that contains provisions for the development and financing of the property.
A lease of land only, and not the buildings or improvements constructed on the land. Ground leases are usually for a long term of 55 years or more. Fixed lease payments, renegotiations of fixed payments & expirations of leases vary with properties. Typically, ground leases provide that the land reverts to the lessor at the end of the lease, including any buildings or other improvements on the land.
A lease of land, as opposed to a lease of a building.
The owner grants a long term lease of the land (usually 99 years) and allows the lessee to build and use the land as agreed. At the end of the term, the land and all improvements revert to the owner.
A lease (usually of long duration) of land to a tenant who covenants to erect a building on the premises. The building is security for rentals. If the tenant defaults, the landlord may foreclose on the lease (see Subordinated ground lease). Return to Top of Glossary
A lease of vacant land Back to the Top
A lease arrangement for raw land. Most are long-term (40-90 years) net leases, allowing for the lessee to recoup the investment costs of improving the land and building upon it. The lessor retains the title to the land; but the lessee is still able to develop and build on the land. For more information, see the "Overview of Leases" article in the "Real Estate In-Depth" section.
A lease of vacant land Select Another Letter
A lease of land alone, sometimes secured by improvements placed on the land. Also called a land lease, the ground lease is a means used to separate the ownership of the land from the ownership of the buildings and improvements constructed on the land.
A long-term lease of land (often 99 years) in which the tenant is allowed to improve the land and use it for the term of the lease at the end of which the land and all improvements revert to the control and occupancy of the owner.
Lease covering land only and not improvements which are to be installed by the lessee.
A lease in which a tenant leases a parcel of vacant land and pays for all improvements made on the side.
A lease of the land only.
A lease covering the use of land only, with the lease sometimes secured by improvements installed by the tenant. Also called a "Land Lease".
A lease of land only on which the lessee usually owns the building or is required to build as specified by the lease. Such leases are usually long-term net leases; the lessee's rights and obligations continue until the lease expires or is terminated for default.
A contract for the rental of land on a long term basis.
A lease of land only, either vacant or exclusive of any buildings on it. Usually a net lease on a long term basis. Return To Menu
An agreement leasing land only, without improvements, ordinarily with the understanding that improvements will be placed on the land by the tenant. Back to the Top
A lease of vacant land or land exclusive of any building on it. Usually a net lease.
A long-term lease of land (usually 99 years) that allows the lessee to build and use the land as agreed in the lease, at the end of which, the land and any improvements revert to the owner
A lease on undeveloped land or a lease covering the land but not improvements. Usually a net lease.
Typically secured by improvements placed upon the land, it is an agreement for the use of the land only.
A lease to use land for a stated period; may be secured by improvements which the tenant will provide.