Legal
Ground lease for commercial land
Right to use land in return for ground rent.
Under a ground lease for commercial land, the owner of the building pays periodic ground rent to the landowner, often the municipality. Ground rent reviews, the remaining term and buyout options have a major influence on the property's value and financeability.
See also
Advice on selling or lettingFrequently asked questions about Ground lease for commercial land
What does Ground lease for commercial land mean?
Right to use land in return for ground rent.
How does Ground lease for commercial land work in commercial real estate?
Under a ground lease for commercial land, the owner of the building pays periodic ground rent to the landowner, often the municipality. Ground rent reviews, the remaining term and buyout options have a major influence on the property's value and financeability.
Related terms in legal
ROZ model
Standard commercial lease agreement.
Zoning plan / environmental plan
Permitted use of land and buildings.
Environmental permit
Permit for construction or change of use.
Break option
Right to terminate a lease early.
Chain clause
Obligation passed on to a subsequent owner.
Right of superficies
Right to have a structure on someone else's land.
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