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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词条贡献者

法律翻译Cathy，在一家英国银圈所担任专职法律翻译，擅长翻译有关城市基础设施领域的法律文件。