Property Ownership
What is a ground lease in Nevada real estate?
AA lease for the ground floor of a commercial building
BA long-term lease of land only, where the tenant owns the improvements built on the land✓ Correct
CA lease for agricultural land under BLM control
DA lease that includes all subsurface mineral rights
Explanation
A ground lease is a long-term lease (often 50–99 years) of land only. The tenant constructs and owns improvements on the leased land. When the lease expires, the improvements typically revert to the landowner. Ground leases are used in Nevada commercial developments.
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