Property Ownership
In Arizona, a 'ground lease' is typically a long-term lease of:
AResidential property for less than 5 years
BLand only (not the improvements), allowing the tenant to build improvements on the leased land✓ Correct
CA parking lot only
DAgricultural farmland for one growing season
Explanation
A ground lease is a long-term lease of land only (often 55-99 years), allowing the tenant to construct improvements on the leased land. The tenant owns the improvements but not the land.
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