A long-term lease agreement in which a tenant leases land from a property owner and is typically responsible for developing and maintaining any improvements, such as buildings, during the lease term. The landowner retains ownership of the land.
CRE Glossary
A long-term lease agreement in which a tenant leases land from a property owner and is typically responsible for developing and maintaining any improvements, such as buildings, during the lease term. The landowner retains ownership of the land.
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