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Ground lease agreement

ground lease agreement Due to its short term nature, under the Operating Agreement the Landlord agreed Ground Lease Agreement between Hernando County and Tampa Land Holdings, LLC - Page 3 business envisioned by Park restrictions and covenants, the conformance of which shall be determined and approved in advance in writing by the Lessor through the Airport Manager or his designee. Jun 17, 2020 · The land lease or ground lease lasts generally lasts between 50 and 99 years. The initial monthly rental rate during its term is $20,000 per month. Landlord desires to lease the Premises to Tenant upon the terms and conditions contained herein. Ground Lease. Examples include commercial filming and photography, advertising displays, crop harvesting, residential occupancy, recreation facilities, construction equipment storage, assembly yards, well pumps, and other uses. Whether granting access for a day, a season or many seasons, it's important to have a written agreement in place when a landowner and . Lease. Jan 28, 2019 · Ground Lease Definition. Short-term lease agreements can be very short, like a week or less, or up to a few months. 01 The following basic terms, as used in this Lease and in all amendments to the Lease (unless otherwise specified or unless the context otherwise requires), shall have the meanings set forth below: (a) Land: All that certain plot, piece or parcel of land located in the City/Village/Town of Jan 18, 2020 · A ground lease involves undeveloped commercial land that is leased to tenants, who then have the rights to develop and use the property for the duration of the lease. GROUND LEASE. This lease is a long-term arrangement typically lasting between 50 to 99 years. It is critical that landlords and renters spend time addressing the terms of the rental agreement before finalizing the agreement to prevent problems over the duration of the contract. THIS GROUND LEASE AGREEMENT (“Lease”) is entered into by and between WINDCREST ECONOMIC DEVELOPMENT CORPORATION, a Section 4B corporation created pursuant to the Texas Development Corporation Act of 1979, as amended (“Landlord”) and RACKSPACE US, INC. It depends on what is appropriate for the Lessor's needs. A land lease agreement is used to bind the tenant and the owner of the land. A Tennessee commercial lease agreement is a document that is negotiated between a property owner of retail, office, or industrial space and a business tenant acting as an individual or entity. RCW 59. GROUND LEASES. The tenant is responsible for all taxes, utilities and construction costs. 10+ Ground Lease Agreement Templates – PDF Following the demand of selling homes and realizing people’s dreams of owning a property, be it for commercial or private use, the real estate market , with its brokers and landowners, offers a unique option in the investment of property with a good market and resale value. 1 MCLT LEASES THE LAND TO HOMEOWNER: 2. Lease Agreement, as established by Paragraph 2, below, they will be unimproved. fixed base operator ground lease agreement This Lease is made and entered into this _____ day of __________ , 2013, and is by and between Lessor, the CITY OF LIVERMORE, California, a municipal corporation the terms of this Ground Lease Agreement, and observing and keeping the agreements and covenants of. If the landlord should sell or otherwise transfer title to the farm, such sale or transfer will be subject to the provisions of this lease. this Ground Lease Agreement on its part to be observed and kept, shall lawfully and quietly hold, occupy. Term. Hotel Ground Lease Agreements. The term ground lease is frequently used when Ground Lease Agreement between Hernando County and Tampa Land Holdings, LLC - Page 3 business envisioned by Park restrictions and covenants, the conformance of which shall be determined and approved in advance in writing by the Lessor through the Airport Manager or his designee. The expenses assigned to the lessee in an NNN lease are the same for this type, too. SIGN PARCEL GROUND LEASE AND BILLBOARD RELOCATION AGREEMENT AMONG THE CITY OF AZUSA, a California municipal corporation AND SIGN ONE LP a California limited partnership AND LAMAR CENTRAL OUTDOOR, LLC, a Delaware limited lability company, registered and authorized to do business in the State of California Ground Lease means a ground lease containing the following terms and conditions: (a) either (i) a remaining term (taking into account extensions which may be effected by the lessee without the consent of the lessor) of no less than 30 years from the Agreement Date, or (ii) the right of the lessee to purchase the property on terms reasonably acceptable to the Administrative Agent; (b) the right . Upon the expiration of the term hereof, Tenant shall surrender the Premises in as Wisconsin Cash Farm Land Lease Example. , a Georgia corporation (hereinafter called "Tenant"). Ground Lease Agreement 3 4. A lease is a contract between an owner (the lessor) and a tenant (the lessee) which contains a written agreement of the conditions under which the lessor transfers the use of real property to the lessee in return for lease payments (or rent. This form is used when a tenant sublet or slightly less than all of his premises or for a little less than the balance of the duration of his tenancy agreement; or both. TERM. In the event the Lease term commences or terminates on a date that is not the first or last day of the calendar year, respectively, Tenant shall pay a pro-rated annual installment, in advance, on the first day of the Lease term (for the remainder of the b. Create Lease. Section 2: Term. No terms of the lease can be changed except by mutual agreement, and the lease must be honored through the entire term unless the property is foreclosed on during the lease term, and the new purchaser wishes to occupy the home as their primary residence. The value of the rental . LEASE AGREEMENT. The term ground lease is frequently used when Aug 21, 2018 · Summary of Ground Lease Agreement Terms: This section provides a summary of the general business terms. Certain personal, proprietary, and sensitive information has been redacted in accordance with the Freedom of Information Act (FOIA) statute. 1940. 3 Pro Rata Rent. GROUND LEASE AGREEMENT . Surface & Submerged Lands Lease Land Management Division 100 Howe Avenue, Suite 100 South Sacramento, CA 95825 916. by Kimberly M. A ground lease is an agreement that permits a tenant to develop a piece of property during the period of the lease. The following terms are set forth: 1. Mineral Lease and Geologic & Geophysical Survey Applications Mineral Resources Management Division 301 East Ocean Boulevard, Suite 550 Long Beach, CA 90802 562. A ground lease is an agreement between a landowner and a tenant, in which the tenant leases land for a new build. Leases and Permits. At the end of the lease term, the landlord retains ownership of the improvements made by the tenant. At the end of the lease, the equity of all shareholders in the co-op can conceivably be wiped out if the lease is not renewed, as the corporation will no longer own any assets. The landlord does not convey to the tenant the right to lease or sublet any part of the farm or to assign the lease to any person or persons whomsoever. " If after reviewing the proposal, both the proponent and the airport owner concur on the proposed development, ask the proponent to complete the easements and appurtenances thereunto belonging and attaching, unto “” This Lease sets forth the covenants and agreements that the parties agree to comply with during the Term (as such term is defined in Section 2). The option price is _____. EMORY DEVELOPMENT PARTNERS, LLC . This ground lease allows the tenant to construct a hotel on a parcel owned by the lessor. This Hunting Lease Agreement is made by and between a landlord, who is the owner of the property and the renter who will gain access to the property solely for the purpose of hunting. Effective Date: _____, 2018 An absolute NNN ground lease is an agreement between a landowner and a tenant, in which the tenant leases land for a new build. A ground lease is a lease agreement where a property owner owns the land and a lessee can develop it. Masonic Ground Lease Agreements. The ground lessee would construct the new building and additional parking, but no option to purchase would be included in the ground lease. The landlord holds the title on the property, and the tenant is responsible for the financial burden of development and improvement of the property, all of which revert back to the landlord at the end of the lease. Sep 16, 2021 · The terms in each solar ground lease will differ significantly from developer to developer, but with the help of an attorney and the explanations above, a landowner considering leasing their farmland for solar development in North Carolina should have a clearer picture of exactly the rights and obligations of the parties to the lease. 1. Also called a land lease, a ground lease is commonly for a term of 50 to 99 years. The piece of land under the lease can either have a rudimentary infrastructure in place or could even be bare. This ground lease (this “lease”) is entered into and entered into on January 22, 2008 by and . 270 dictates the terms of the deposit changeover. Dec 09, 2020 · Ground Lease Listing Agreement. Aug 23, 2021 · The lease documents are sorted by region and contain, for the most part, GSA Lease Forms and Lease Amendments (LA) from selected GSA leases across the nation. YouTube. and enjoy the Premises during the term of this Ground Lease Agreement subject only to the possessory Sep 12, 2021 · It should be noted that a ground lease may be subordinate or non-subordinate depending on how the agreement is documented. This Texas Lease Agreement shall commence on _____ andshall continue as a lease for term. TABLE OF CONTENTS. Before an agreement is presented, the property owner/manager will check the background of the business to make sure they are in good standing. After _____, 2022, the Term of Lease shall be automatically renewed for subsequent periods of 5 The Purchaser and Foster will enter into a ground lease agreement for the Land (the “Lease Agreement”). The Purchaser and Foster will enter into a ground lease agreement for the Land (the “Lease Agreement”). A ground lease or a ground rent is a type of commercial real estate lease where a lessee develops the real estate property he or she is renting. The term of this Lease (the “” shall be twenty five (25) years, Land Lease Contract This agreement, a contract, sets forth the terms as a binding agreement between the lessee _____ and the leaser _____ , executed on this day _____20____. , a Delaware corporation (“Tenant”). We have millions of legal documents and clauses that you can search for free. A gross lease is a lease agreement where the lessor is responsible for most expenses associated with the property, including taxes, insurance, and maintenance. 4. The rental agreement is the right of occupation of real estate consisting only of dirt and soil, so that the land can be used by the tenant for several uses ranging from agriculture to housing or commercial activity. Tenant is offered and accepts a Lease Renewal after the natural expiration of this Agreement, the new Lease Agreement shall take precedence. Initial _____ 16. It is also known as Land Lease. Master Ground Lease Agreements. FIXED-TERM AGREEMENT (LEASE): Tenants agree to lease this dwelling for a fixed term of _____, beginning _____ and ending _____. Commercial Ground Lease Agreements. These are just a few of the many issues that should be dealt with during land-lease negotiation and documentation. Sep 15, 2021 · Farm land lease agreement is a contract between a farm owner and a tenant who intends to use the land for agriculture or animal husbandry. b. Rent. Jan 27, 2015 · A Strategic Approach to Land-Lease Agreements. o Assignment and Subletting: As permitted in the Development Agreement and as otherwise agreed to in writing by the parties. Commercial Net Building & Ground Lease Agreements. These apply to all residents; Part II is a sample lease contract. Section 1. Reed, ATG Law Clerk. Depending on the situation, a commercial land lease agreement may make more sense than selling the land or developing it yourself. " If after reviewing the proposal, both the proponent and the airport owner concur on the proposed development, ask the proponent to complete the Sep 12, 2021 · It should be noted that a ground lease may be subordinate or non-subordinate depending on how the agreement is documented. GROUND LEASE AGREEMENT This Lease Agreement (the “Lease”) is made this _____ day of _____, 201_, by and between the DISTRICT OF COLUMBIA, a municipal corporation (“Landlord”), by and through the Department of General Services (“DGS”) and _____ PUBLIC Sep 18, 2021 · Editable Land Lease Agreement. Under a typical ground lease, the lease covers raw land and the tenant then develops a building. unless COMPANY shall notify CITY of COMPANY's intention not to renew the Lease at least six (6) months prior to the expiration of the any original or any renewal term. Once the contract is signed and dated, the tenant can then move into the property. ARTICLE 1: Homeowner’s Letter of Agreement and Attorney’s Letter of Acknowledgment are Attached as Exhibits. The tenant usually is required to construct a building or maintain and use current improvements on the land . 27+ FREE AGREEEMENT Templates - Download Now Microsoft Word (DOC), Google Docs, Apple (MAC) Pages. as Tenant . and enjoy the Premises during the term of this Ground Lease Agreement subject only to the possessory Land leases create a unique circumstance in which a building and the plot of land it is on are owned by two separate people or businesses. Generally, land leases can range from 50-99 years and allow the tenant to build on the land. Use them for competitive intelligence, drafting documents or to get information about transactions within a particular industry or sector. Jul 28, 2020 · A ground lease is an agreement in which a tenant is permitted to develop a piece of property during the lease period, after which the land and all improvements are turned over to the property . Subordination. , a Delaware limited liability company (herein called “Lessor”) and Valero Partners Memphis, LLC, a Delaware limited liability company (herein called “Lessee”). May 21, 2021 · Create Lease. LEASE AGREEMENT THIS LEASE IS IN TWO PARTS: Part I establishes the Terms and Conditions of the lease. During the term of a ground lease, the tenant owns any improvements made to the property, including any buildings it constructs. ground lease to GROUND LESSEE the Premises in order to facilitate the financing of the costs of th e Improvements, and as a part of such financing, lease the premises from GROUND LESSEE pursuant t o a Lease Purchase Agreement (the "Lease Purchase Agreement"). Ground leases commonly take place between commercial landlords, who typically lease land for 50 to 99 years to tenants who construct buildings on the property. . C. Talk to American Tower about the flexible options we offer to extend or buy out your agreement. The rent is specified for the first five years of the term and is adjusted by the CPI thereafter. Due to its short term nature, under the Operating Agreement the Landlord agreed Ground Lease Agreements. The term of this Lease (the “Term”) shall begin on _____, 2017 and shall end at 12:00 midnight _____, 2022, unless sooner terminated by agreement of both Tenant and Landlord. This lease is eligible for renegotiation at the end of the lease for a similar term of 20 years. 2 MINERAL RIGHTS NOT LEASED TO HOMEOWNER ARTICLE 3: Term of Lease, Change of Land Owner. A ground lease is of great benefit for landowners because they are able to retain all improvements to include any buildings that are built during the tenant’s leased time. Ground Lease means a ground lease containing the following terms and conditions: (a) either (i) a remaining term (taking into account extensions which may be effected by the lessee without the consent of the lessor) of no less than 30 years from the Agreement Date, or (ii) the right of the lessee to purchase the property on terms reasonably acceptable to the Administrative Agent; (b) the right . Masonic Lodge Ground Lease Agreements. Transfer of farm. When an owner makes a long-term lease of land only, the lessee is said to have obtained a ground lease. In a ground lease, the landowner is different from the owner of improvements or buildings on the land. Upon expiration, this Agreement shall become a month-to-month agreement AUTOMATICALLY, UNLESS either Tenants or Owners notify the other party in writing at least 30 Sep 12, 2021 · It should be noted that a ground lease may be subordinate or non-subordinate depending on how the agreement is documented. 3. December 12th, 2007 THIS GROUND LEASE AGREEMENT (this “Lease”) is made and entered into to be effective as of the [___] day of [_____], 20[__], between Valero Refining Company-Tennessee, L. In addition to the model ground lease, this document includes commentary on the decisions behind the ground lease language. Ground Lease Agreements. Mar 21, 2016 · Land Lease & Agreements. A Virginia lease agreement can be used for residential or commercial property. These Ground Lease Agreements are actual legal documents drafted by top law firms for their clients. Term of Lease. As stated in the title, it must be used with AIR leasing contracts published after 1995. SIGN PARCEL GROUND LEASE AND BILLBOARD RELOCATION AGREEMENT AMONG THE CITY OF AZUSA, a California municipal corporation AND SIGN ONE LP a California limited partnership AND LAMAR CENTRAL OUTDOOR, LLC, a Delaware limited lability company, registered and authorized to do business in the State of California Jun 26, 2020 · The ground lease landlord collects rent that usually goes up over time. A ground lease or land lease is a lease of the land. 29. Nov 07, 2014 · With a ground lease, the corporation does not own the real estate but, rather, leases it from a real estate investor pursuant to a ground lease. SURRENDER OF PREMISES . 16. This is executed by the resident and the PHA, includes Part I Terms and Conditions (by reference) and the following information specific to each family's circumstances: Land leases create a unique circumstance in which a building and the plot of land it is on are owned by two separate people or businesses. Mar 22, 2021 · A ground lease is an agreement between a landowner and a tenant for unimproved land. The BLM issues leases and permits for the public to use, occupy, and develop public lands for a various purposes. Approximately d% of the communication sites in Taxpayer’s portfolio are located on land that Taxpayer does not own. Ground Lease Acquisitions . DEFINITIONS . Sep 18, 2021 · Editable Land Lease Agreement. -and-of, (Tenant's Name) (Address) Ground Lease Agreements. ground lease agreement provisions and requested to provide the airport owner with information regarding FAA Form 7460-1, "Notice of Proposed Construction or Alteration. Ground Lease & Commentary A ground lease is an agreement between a community land trust and a homeowner. All oil, gas and mineral rights are expressly reserved from this Lease Agreement. a. If there is a relation of trust between the tenant and the owner then the verbal agreement can be made, however, in order to make the agreement more authentic and to give it legal validity, you are required to have a land lease agreement. 18. or fund a major purchase. If the situation is a traditional longer-term lease, like an apartment lease, for example, a standard Residential Lease Agreement is likely the document needed. RECITALS. ) c. . Event Center Ground Lease, Implementation Agreement, New Hall Agreement, Gap Funding Agreement or Security Agreement (the "Other Agreements") is/are terminated as the result of one or more defaults by any of the parties other than Landlord under any of such Other Agreements which is/are not cured within applicable notice and cure periods under the Ground Lease means a ground lease containing the following terms and conditions: (a) either (i) a remaining term (taking into account extensions which may be effected by the lessee without the consent of the lessor) of no less than 30 years from the Agreement Date, or (ii) the right of the lessee to purchase the property on terms reasonably acceptable to the Administrative Agent; (b) the right . Like an ordinary lease, there are two parties involved – the lender or the landlord/real property owner, and the lessee or the tenant. 5201 under a 20 year ground lease with over 18 years of base lease term remaining, followed by four, five-year renewal options. Sep 25, 2017 · A ground lease is a long-term agreement between a landlord and a tenant in which the tenant is allowed to develop the leased property. In the event the Lease term commences or terminates on a date that is not the first or last day of the calendar year, respectively, Tenant shall pay a pro-rated annual installment, in advance, on the first day of the Lease term (for the remainder of the Aug 21, 2018 · Summary of Ground Lease Agreement Terms: This section provides a summary of the general business terms. The term of this Lease Agreement shall be for the period from the 1st day of October 2013, through the 30th day of September 2053, unless extended, ground lease to GROUND LESSEE the Premises in order to facilitate the financing of the costs of th e Improvements, and as a part of such financing, lease the premises from GROUND LESSEE pursuant t o a Lease Purchase Agreement (the "Lease Purchase Agreement"). The terms of purchase will be: _____. under this lease, the Lessor hereby grants the Lessee an option to purchase under the following terms and conditions: a. While this is not the best deal for the person that leases the land, the owner and his or her tenant make the deal long before the person staying on the property moves in. Like other types of rental agreements, the land lease agreement outlines the terms of the rental relationship between the land owner and land renter, including what changes can be made to the land. During the term of the Ground Lease, Tenant shall have a right of first refusal on the sale of the land subject to the Ground Lease. This Agreement shall be for an initial term of five (5) years, subject to other provisions of this document, commencing on the date this lease is fully executed. BETWEEN: HER MAJESTY THE QUEEN IN RIGHT OF THE PROVINCE OF BRITISH COLUMBIA, AS REPRESENTED BY THE MINISTER OF ENERGY AND MINES (the “Grantor”) AND: SYD ROAD LIMITED PARTNERSHIP fixed base operator ground lease agreement This Lease is made and entered into this _____ day of __________ , 2013, and is by and between Lessor, the CITY OF LIVERMORE, California, a municipal corporation the terms of this Ground Lease Agreement, and observing and keeping the agreements and covenants of. The Lease Agreement will have a term of five (5) years with four (4) five (5) year options to extend at the discretion of the Purchaser. Tenant desires to lease the Premises from Landlord on the terms and conditions as contained herein. THIS LEASE AGREEMENT (hereinafter called the "Lease") is made and entered into this ____ day of _____, 2000, by and between NATIONAL DATA CORPORATION, a Delaware corporation (hereinafter called "Landlord"); and GLOBAL PAYMENTS INC. Maintaining positive working relationships between landlords and renters is vital for long-term success. This Ground Lease executed by the RCAC is for a term of 20 years, beginning _____ and expiring on December 31, _____. Lessee understands that time is of the essence in this agreement. Sep 12, 2021 · It should be noted that a ground lease may be subordinate or non-subordinate depending on how the agreement is documented. 590. Whether farmer or landowner, the first step that any party should take when considering a land-lease arrangement is consulting with experienced legal counsel. IN CONSIDERATION of the mutual covenants contained herein and for other good and valuabl e Ground Lease Agreement 3 4. , as Landlord, and . An agricultural ground lease is an agreement through which a tenant is permitted to develop a piece of property during the lease period, after which the land and all improvements are turned over to the property owner. Oct 16, 2006 · agreement) during the term of the lease. Sep 21, 2006 · lease, and ii) that certain Operating Agreement (the “Operating Agreement’) dated April 14, 2006, for the operation of the Park Golf Courses for an interim period from April 15, 2006 through October 31, 2006. Effective Date: _____, 2018 Oct 03, 2011 · Rooks County Regional Airport Ground Lease 3 DURATION OF LEASE. In the event of any discrepancy, the terms and conditions in the attached Ground Lease Agreement shall prevail. Ground leases may also be referred to as land leases since the landlord is leasing out only the land. GROUND LEASE AGREEMENT This Lease Agreement (the “Lease”) is made this _____ day of _____, 201_, by and between the DISTRICT OF COLUMBIA, a municipal corporation (“Landlord”), by and through the Department of General Services (“DGS”) and _____ PUBLIC Land Lease Contract This agreement, a contract, sets forth the terms as a binding agreement between the lessee _____ and the leaser _____ , executed on this day _____20____. ARTICLE 2: Leasing of Rights to the Land. 574. SALE OR CONVEYANCE OF BUILDING. ST. The tenant has unlimited rights to sublease portions of the premises, and broad . The lease is simply an agreement between the owner of an empty piece of land or property. Hotel & Casino Ground Lease Agreements. Ground lease agreements for land underlying its towers generally have an initial term of e years, with f or g additional automatic renewal periods of e years, for Ground Lease Agreements. CHANGE OF TERMS: The terms and conditions of this agreement are subject to future change by OWNER after the expiration of the agreed lease period upon 30-day written notice setting forth such change and delivered to . Misc. Jul 22, 2011 · ground lease agreements, easements, licenses, and rights-of-way. Heirs and successors. How to use this document Sep 15, 2021 · Farm land lease agreement is a contract between a farm owner and a tenant who intends to use the land for agriculture or animal husbandry. All capitalized terms shall have the same meaning as set forth in the attached Ground Lease Agreement. Exhibit 10. R-6. This model ground lease is part of the Community Land Trust Technical Manual. Pasture Lease Agreement This lease made in duplicate the day of , (month) (year) BETWEEN of, (Landlord's Name) (Address) in the County of Cleveland, North Carolina, hereinafter called the "Landlord", being the registered owner or the purchaser under an Agreement for Sale of land described below. -and-of, (Tenant's Name) (Address) 1. 139 . CONCESSION AGREEMENT AND GROUND LEASE THIS CONCESSION AGREEMENT AND GROUND LEASE executed as of June 16, 2004 pursuant to the Ministry of Energy and Mines Act. A ground lease is an agreement in which a tenant can develop property during the lease period, after which it is turned over to the property owner. Land leases are beneficial in many commercial real estate deals. BETWEEN: HER MAJESTY THE QUEEN IN RIGHT OF THE PROVINCE OF BRITISH COLUMBIA, AS REPRESENTED BY THE MINISTER OF ENERGY AND MINES (the “Grantor”) AND: SYD ROAD LIMITED PARTNERSHIP Petitioner entered into negotiations with a prospective ground lessee of the Leased Parcel and the parties are ready to enter into a ground lease for a term of more than 49 years. Ground lease also known as a long-term lease of land is an agreement in which the landlord gives permit to the tenant to use, occupy and develop the land in the lease period. In this model, ownership of the land is typically separated from ownership of buildings on the property. 1 . The lease features 10% rental increases every ten years throughout the base term, a 10% rental increase at the beginning of the first option period and 5% rental increases at the beginning of each remaining option period. register this Lease Agreement with the relevant Land Registry Office, and any other relevant government office that may serve as a place for registering or recording leases, within 45 days from the date that this Lease Agreement is executed. IN CONSIDERATION of the mutual covenants contained herein and for other good and valuabl e Mar 01, 2013 · By definition, a ground lease is a long term agreement, typically between 50 to 99 years, for a land-only rental. L. After the lease period, the land and all improvements the tenant makes return to the property owner. Between . MARY’S HEALTH SYSTEM, INC. deemed part of this rental agreement, and a violation of any of the house rules is considered a breach of this agreement. As a landowner, you can sign agricultural lease contracts to protect your interests and generate income without having to work alone on the farm or ranch. 2. 5. These Ground lease agreement templates will provide more in-depth details. The lessee is the owner of the building only, and is responsible for all the expenses and costs associated to constructing and maintaining a business location on a leased piece of land. A Virginia lease agreement is a contract between the landlord or property management company and the tenant (s) who are interested in renting property. It could be transferred to a lease of arable land, under which the owner of the empty country leases it to a person to exploit it. ground lease agreement