A ground lease and a build-to-suit arrangement are both commonly used in commercial real estate, but they solve different problems. A ground lease allows a tenant to lease land from a property owner, often for a long period, while the tenant develops or uses the property. A build-to-suit arrangement involves constructing a building specifically for … Read more
A ground lease is a long-term agreement in which a tenant leases land from a property owner and typically develops or uses the land for a specific purpose. Unlike a traditional lease, where the tenant usually rents a building or other structure, a ground lease primarily concerns the land itself. The tenant may construct a … Read more
A tenant generally does not get an automatic grace period after a fixed-term lease expires. Once the lease reaches its end date, the tenant’s right to occupy the property depends on what the lease says, whether the landlord agrees to let the tenant stay, and the landlord-tenant laws in the applicable state or local jurisdiction. … Read more