What Is A Ground Lease?
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Ground Lease Definition
Ground lease means when a tenant or lessee pays rent for using a piece of land while he can modify the property is known as a
ground lease
. Both parties go through an agreement and use the property for a certain period of time.
Pros Of Ground Lease
–
Long-term leases
– Prime locations – Ownership of the improvements – Tax-deductible lease payments
Leasing Process Is Simple
What Is Lease Abatement?
It is an
agreement
between the tenant and landlord that lets the tenant use the space without any rent. Sometimes, this is fantastic since the tenant does not need to pay rent to use the space.
You Can Lease Farmlands Too!
What Is A Net Lease?
It is a
contractual arrangement
where the lessee pays a portion of insurance fees, maintenance costs, or taxes, including the rent. Usually, the term net lease is mostly used in commercial real estate.
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