Land Lease

A land lease is an agreement in which one party (the lessor) allows another party (the lessee) to use or occupy a piece of land for a specified period, in exchange for payment, typically through rent. Unlike a sale, the ownership of the land remains with the lessor. Land leases are commonly used for real estate development, agriculture, or commercial purposes, enabling the lessee to utilize the land for their needs while adhering to the terms outlined in the lease contract.