building lease

Definition of "building lease"
  1. A type of ground lease where the tenant leases the land and any buildings on it
How to use "building lease" in a sentence
  1. The business owner negotiated a building lease to ensure he could operate on the property for the next 20 years.
  2. The building lease allowed for improvements and renovations to the existing structure on the land.
  3. Through a building lease arrangement, the tenants could fully utilize the land and existing structures for their operations.

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