Lease Term question

Commercial Intensive: Seller will consider a lease whereby any bujilding built n the property will revert to her when then in default or discontinuation of building use. Whatterm is used for this kind of lease
In Selling Property - Asked by Patricia C. - Aug 23, 2012
Report Abuse
Answer this Question

Answer(s)

Chris R.
Broker/Agent
Denton, TX

Ground Lease

Aug 24, 2012
Report Abuse
Josh B.
Broker/Agent
Chandler, OK

And just for some extra reading/defining, STRAIGHT FROM INVESTOPEDIA (full disclosure, I did not write this):
Definition of '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 the property owner unless an exception is created, and stipulates that all relevant taxes incurred during the lease period will be paid for by the tenant. Ground leases are typically for 10 years or more.

Aug 26, 2012
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question