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...
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