ground lease

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ground lease

A legal contract for the lease of land; contains an agreement that the lessee is obligated to pay rent each year for the use of the land for the duration of the contract; the lessee usually builds on the land but the buildings so constructed must be turned over to the land’s owner at the termination of the contract.
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NYSE: SAFE) is the first publicly traded company that focuses on acquiring, owning, managing and capitalizing ground leases.
BH acquired the ground leases last September for $338.
Modern ground leases consist of more than just base rent with some escalators.
Ground leases have been around for a long time--in fact, "since the feudal era," says Trevor Hubbard, MAI, SRA, a senior appraiser with the U.
Of the 28 ground leases we acquired in the past three years, Im most proud of this project, Shidler said in a statement, calling the UW School of Medicine one of the finest biomedical facilities in the country.
Headquartered in El Segundo, California in 2010, Landmark Dividend acquires ground leases on cellular towers, billboards, fiber optic cables and alternative energy infrastructures, such as wind turbines and solar farm tracks.
Based in Annapolis, Maryland, Matthews will work to provide capital to consumers and businesses seeking to liquidate ground leases to cell towers, billboards, wind turbines, solar farms and fiber optic networks.
Bank ground leases are commanding a 206 basis point premium over the retail net lease market
Ground leases present complicated issues that differ from those typically negotiated in real estate purchase transactions.
Most of the issues surrounding ground leases relate to the landlord's desire for a creditworthy tenant who will pay rent, and the tenants concern about losing its improvements as a result of default, either under the lease or under the terms of its financing documents.
Mortgage giant Fannie Mae has announced that it will back loans on homes in Battery Park City, according to Crain's, after an in-depth review of the neighborhood's ground leases.
The ALI-ABA (Philadelphia, PA) has released 'A Guide to Ground Leases (with forms and checklists),' a new book that addresses the terms and issues that arise in negotiating a ground lease "in a way that meets the landlord's expectations and prevents surprises for the tenant," the ALI-ABA said.