Property Ownership (alternative)

In Maryland, a 'long-term ground lease' for land typically runs for:

A5 to 10 years

B50 to 99 years (or longer)✓ Correct

CExactly 20 years

DThe life of the lessee

Explanation

Long-term ground leases typically run for 50 to 99+ years, allowing improvements to be financed and amortized over an economically useful period.

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

A non-possessory right to use another person's land for a specific purpose.

Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

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