Ground Lease Agreement with Option to Purchase
$15.95
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Ground Lease Agreement with Option to Purchase A ground lease is a lease of land only, rather than the structures on the land as well. It is also called a land lease. Such leases are governed contract law and vary by their contract terms. For instance, a ground lease may warrant that the soil is suitable for any improvements built upon it. Some examples include a town leasing land to a company for use as the grounds for a county fair or retailers using ground leases as one of several vehicles to obtain sites for their stores and facilities.
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