Ground Lease Tug of War

Absent express language, different jurisdictions have interpreted and determined ownership of ground lease improvements in varying ways.

11 minute read December 23, 2013 at 09:18 AM

Catherine Phillips

Consider a hypothetical in which the “Landlord” leases certain land to the “Tenant” pursuant to a long-term ground lease. Landlord initially delivered the land to Tenant without any improvements, and Tenant constructed a warehouse/office building and surface parking lot on the land.

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