Urban Land Lease

An Urban Land Lease is a legal agreement where a landowner allows a tenant to use a specific piece of city land for a set period, in exchange for rent or other compensation. The lease outlines how the land can be used, the duration, and responsibilities of both parties. It's commonly used for developments like commercial buildings, parking spaces, or public projects. This arrangement enables the landowner to generate income without selling the property outright, while the tenant gains access to land resources needed for their business or activity within the city.