A ground lease involves leasing land, usually on a long-term basis, to allow the lessee to develop property on that land.
The value of a tenant's interest in real estate, particularly under a long-term lease at below-market rental rates.
A long-term lease generally refers to a commercial lease of five years or longer, or a residential lease longer than one year. It involves a contractual agreement between a landlord and tenant for the use of a property for a prolonged period.
