I'm searching for a small business property/building and I found this accurate property, but it says that it's on a ground lease. Does that scrounging I may own the building, but I don't own the land on that property? I'm confused.
Answers: Yes, you payment a set amount per month as rent for the land. That amount change on a set schedule and is regulated as to how much it can increase.
Correct. You own the improvements but not the house.
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Answers: Yes, you payment a set amount per month as rent for the land. That amount change on a set schedule and is regulated as to how much it can increase.
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Correct. You own the improvements but not the house.
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