Property Ownership
In Colorado, a 'ground lease' is a long-term lease of:
AOnly agricultural land
BLand only, where the tenant constructs and owns improvements on the leased land✓ Correct
CUnderground mineral rights
DGroundwater rights associated with a parcel
Explanation
A ground lease (also called a land lease) involves leasing the land only, while the tenant constructs and owns the improvements. At the end of the lease term (often 50-99 years), ownership of the improvements typically reverts to the landowner.
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