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What Is a Ground Lease?
A ground lease is a contract that allows an occupant to develop a piece of residential or commercial property during the period of the lease. After the lease duration, the land and all enhancements the renter makes return to the residential or commercial property owner. Ground leases may also be described as land leases given that the proprietor is renting out only the land.
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Ground leases should consist of the following important aspects:
- Default conditions
ページ "Ground Lease: Definition, Terms, how They Work"
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