Glossary of terms used on this site
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| Term | Definition |
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| 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. Also known as Land Lease.
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