Property Management
In Massachusetts, a 'ground lease' is characterized by:
AA lease of the land only, typically long-term, allowing the tenant to build on the land✓ Correct
BA lease of the lowest floor of a commercial building
CAn agricultural lease for farming
DA short-term parking lot lease
Explanation
A ground lease (or land lease) leases only the land to a tenant for a long term (often 50-99 years), allowing the tenant to construct and own buildings on the leased land. At the end of the lease, improvements typically revert to the landowner.
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