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land lease

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
land lease
See ground lease.


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Commerce Bank of New Jersey has signed a 20-year land lease at 437 Westport Avenue in Norwalk, CT, and will build a new branch on the site.
In 1997, the CRA brokered the massive land deal approved by the City Council, which included a 55-year land lease of city-owned property where Staples is located and other properties.
Ten months after the release of that audit, the port created a draft land lease policy that said it would use RFPs when space for cargo movement operations becomes available.
 
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