• 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.]
• 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.]