Property Management

What is a 'ground lease' in South Carolina commercial real estate?

AA lease for agricultural land only
BA long-term lease of land where the tenant may construct improvements✓ Correct
CA lease for the ground floor of a multi-story building
DA short-term month-to-month land rental

Explanation

A ground lease is a long-term lease of land (often 50-99 years) where the tenant has the right to construct and use improvements. At lease expiration, the improvements typically revert to the landowner.

Related South Carolina Property Management Questions

Practice More South Carolina Real Estate Questions

1,500+ questions covering all exam topics. Start free — no signup required.

Take the Free South Carolina Quiz →