ground lease

A long-term (usu. 99-year) lease of land only.

• Such a lease typically involves commercial property, and any improvements built by the lessee usu. revert to the lessor.

— Also termed ground-rent lease; land lease. [Cases: Estates in Property 13. C.J.S. Estates §§ 159–192.]

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译员William，毕业于欧洲顶尖的高级翻译学院，专注翻译各种与区块链技术与数字货币有关的法律文件。