A ground lease is a type of lease agreement in which a landowner (the lessor) leases a piece of land to another party (the lessee) for a specific period of time. The lessee can then build and use the land as they see fit, but they do not have full ownership of the land and must return it to the lessor at the end of the lease term. This type of lease is common when a landowner wants to generate income from a property without giving up ownership.
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