Ground Leasehold Interest definition
Ground Leasehold Interest as applied to any Person, means any lease by which such Person leases the fee interest in real property and owns the improvements thereon (until the termination of the lease).
Examples of Ground Leasehold Interest in a sentence
Paseo Nuevo Center Ground Leasehold Interest (“Developer Lease”), 2.
Ground Leasehold Interest (2 and 3 are collectively hereinafter referred to as, “Majors”).
For the Property in which Seller holds a Ground Leasehold Interest pursuant to a Ground Lease (collectively the "Ground Lease Property"), Seller has made available to Buyer a copy of a current commitment a ("Leasehold Title Binder") for an extended coverage lessee's policy of title insurance a ("Leasehold Title Policy") issued through the Title Company.