Words / G / Business

ground lease

noun/ɡraʊnd liːs/

C1CEFR level
65/100Rarity: rare
TechnicalRegister

A long lease of land under which the tenant may develop and occupy but the freehold ultimately reverts.

The developer built the hotel on a ninety-nine-year ground lease from the city.

Topic: Real estate & property in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Real estate & property