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ground lease

   Also found in: Financial 0.01 sec.
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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SELLING BUSINESS & BUILDING, BUYER ASSUMES 25 YEAR VERY CHEAP GROUND LEASE.
The structure that has been most commonly implemented in Campus Apartments' public-private partnerships is university-owned land with a ground lease to the developer.
Brooklyn bank ground lease available The ground lease for a Bank of America branch at 4701-4703 13th Avenue in the Borough Park section of Brooklyn is on the market with an asking price of $14.
 
 
 
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