Although they have received a bad reputation in some circles, the terms and provisions contained in a ground lease can be negotiated in such a way that they allow both property owners and developers to achieve a variety of financial and business goals. By understanding the risk and benefits, as well as the typical party’s motivations, an attorney working on a ground lease can best prepare his client for the unlikely eventualities that may face a party to a ground lease – whether they come in the first year or the ninety-ninth.
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