Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Ground Lease

A lease of the land only; usually the land is leased for a relatively long period of time to a tenant that constructs a building on the property; separates ownership of the land from ownership of buildings and improvements constructed on the land.

Source: NCREIF | Date: 05 September 2025 | ID: D1192 | Version: 1