ground lease

ground lease
ground lease see lease

Merriam-Webster’s Dictionary of Law. . 1996.

ground lease
n.
A lease of vacant land with no buildings on it, usually rented in order to build structures such as office buildings or hotels on it; ground leases often run for many years and are renewable by the lessor.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


ground lease
USA
A long-term lease of unimproved land or previously improved land that requires the tenant to construct new improvements on the leased land.
A ground lease is almost always a net lease with a term usually ranging from 25 to 99 years. The tenant typically retains ownership of the improvements until the expiration or earlier termination of the ground lease. At the end of the ground lease term, the landlord will either:
• Take ownership of the improvements free and clear of all liens.
• Require the tenant to demolish the improvements and clear the leased land.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


ground lease
n. A lengthy lease of real property (often for 99 years).

Webster's New World Law Dictionary. . 2000.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Ground Lease — An agreement in which a tenant is permitted to develop a piece of property during the lease period, after which the land and all improvements are turned over to the property owner. A ground lease indicates that the improvements will be owned by… …   Investment dictionary

  • ground lease — noun : building lease * * * ground lease, a lease of land for building …   Useful english dictionary

  • ground lease — A lease of vacant land, or land exclusive of any buildings on it, or unimproved real property. Usually a net lease. See also ground rent lease …   Black's law dictionary

  • ground lease — A lease of vacant land, or land exclusive of any buildings on it, or unimproved real property. Usually a net lease. See also ground rent lease …   Black's law dictionary

  • ground lease — A lease of land, as opposed to a lease of a building. Bloomberg Financial Dictionary …   Financial and business terms

  • lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… …   Law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • ground rent — n 1: the rent paid by a lessee for the use of land esp. for building 2: a rent charge reserved to himself or herself or his or her heirs by the grantor of land in fee simple, on perpetual lease, or on lease for a renewable term of years ◇ Ground… …   Law dictionary

  • Ground rent — A ground rent, sometimes known as a rentcharge or a chief rent in North West England, see [http://www.gos.gov.uk/gonw/PeopleSustainableCommunities/Housing/Rentcharges/ Government Office for the North West] Retrieved on 2008 02 06] is a regular… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”