Examples of Ground Lease in a sentence
The Community Land Trust (CLT) Ground Lease Rider ensures the ground lease conforms to Xxxxxx Xxx’s guidelines for mortgages secured by properties held under a community land trust ground lease.
Comprehensive Agreement Effective Date: The date of the execution of the CA (the “Effective Date”) Ground Leases: Developer to provide drafts of the Ground Leases within 90 days of the Effective Date (unless the Commission determines that it wants to have the complete Ground Lease for review before approval of the CA).
The Lessor and Lessee are parties to that certain Ground Lease dated June 21, 2022 and amended it by an Amendment to Ground Lease dated December 5, 2023.
This Rider shall be deemed incorporated into the CLT Ground Lease, and the CLT Ground Lease as amended by this Rider, shall hereafter be referred to as the “Lease,” unless otherwise indicated.
The Community Land Trust Ground Lease Rider must be executed by both the lessor and lessee.