ground lease
Tenant owns building
A ground lease is a long-term arrangement where a tenant leases land from an owner, typically for decades, with the right to develop or use the property.
The tenant owns any buildings or improvements made during the lease term, but ownership usually reverts to the landowner when the lease expires: The developer signed a 99-year ground lease for the downtown parcel.
- deedWritten property conveyance
- leaseholdRented property interest
- landlordProperty owner renting out
- tenantOne who rents property
- easementLimited land-use privilege
reversion · improvements · rent · rent escalation · lot · land use · contract · subordination · parcel · lessee · covenant · property tax · appraisal · fair market value · title · zoning · real estate · possession