PROPERTY & LEASING
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Ground lease
Also called: land lease · ground rent
A lease in which a tenant leases land, often for a long term, and may own or construct improvements on it.
What it means in practice.
Ground leases create distinct valuation, financing, reversion and control issues.
Why it matters.
The leasehold and fee interests should be analyzed separately in replacement-property underwriting.
Additional notes.
Ground leases create distinct valuation, financing, reversion and control issues.
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