Property Management
A ground lease is a long-term lease on which the tenant:
ARents an apartment in a high-rise building
BLeases only the land and typically constructs their own improvements✓ Correct
CLeases agricultural land for crop production only
DLeases a parking space in a commercial garage
Explanation
A ground lease is a long-term lease of land only. The tenant (lessee) typically constructs improvements on the leased land. At the end of the lease term, improvements may revert to the landowner.
Related Georgia Property Management Questions
- Under Georgia's Security Deposit statute, a landlord must return a tenant's security deposit or provide an itemized statement of deductions within how many days after move-out?
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