Property Ownership
What is a 'ground lease' in Idaho real estate?
AA lease for a ground floor commercial space
BA long-term lease of land only, where the tenant constructs improvements and returns the land (often with improvements) to the owner at the end of the lease✓ Correct
CAn agricultural land lease
DA lease requiring the tenant to maintain the grounds
Explanation
A ground lease is a long-term lease of land (typically 50-99 years) where the tenant constructs improvements. The tenant holds leasehold interest; the landlord retains fee simple ownership of the land. Upon expiration, the improvements typically revert to the landlord.
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