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.
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