What Is a Ground Lease in Commercial Real Estate?

panoramic view of new york city skyscrapers office space in midtown manhattan

Some of the busiest corners in the country are occupied by buildings whose tenants do not own the land beneath them. A fast-food location, a bank branch, a regional mall: many of these sit on leased ground, with the business owning the building and renting the dirt it stands on. That arrangement is a ground…

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