Is a Ground Lease the Right Move for Your New York or New Jersey Business?

more+
less-

For both tenants and landlords, commercial ground leases are often a viable alternative to purchasing or selling real property. A ground lease is typically a long-term lease of unimproved land (or previously developed property) that requires the tenant to construct improvements.

While commercial ground leases may offer unique benefits for both parties, they are not without their risks and potential pitfalls. For New York and New Jersey businesses contemplating a ground lease, this post takes a look at several important advantages and disadvantages for both prospective tenants and landlords...

LOADING PDF: If there are any problems, click here to download the file.

Published In: General Business Updates, Commercial Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Victor Kinon, Scarinci Hollenbeck | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »