Property Management
A Florida commercial lease that runs for 99 years is called a:
APerpetual lease
BGround lease✓ Correct
CNet lease
DSale-leaseback agreement
Explanation
A ground lease is a long-term lease (often 50-99 years) of land only, under which the tenant constructs improvements. The landowner retains fee ownership of the land while the tenant owns the improvements during the lease term.
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