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What Is a Ground Lease?
A ground lease is a contract that allows a tenant to develop a piece of residential or commercial property during the period of the lease. After the lease period, the land and all enhancements the renter makes go back to the residential or commercial property owner. Ground leases might also be described as land leases given that the property owner is renting out just the land.
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Ground leases should consist of the following important elements:
- Default conditions
Tiks izdzēsta lapa "Ground Lease: Definition, Terms, how They Work"
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