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Ground lease |
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Ground lease A lease of land, as opposed to a lease of a building. |
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? Mentioned in | ? References in periodicals archive | |
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| Jaime Weiss, president, arranged the signing of a 25-year ground lease on behalf of North Fork Bank with property landlord, Chris Morgan. Under the plan approved last week, developers would pay the CRA and the county more than $110 million in ground lease and incentive rent payments over the three phases of construction. The property is subject to a long-term ground lease with Los Angeles County and includes seven low-rise buildings and one 13-story towel'. |
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Ground lease