Commercial Ground Leases: A Conceptual Framework
Learn about the terms and intricacies of ground leases and the rules and regulations that support them.
This course will provide you with an indepth primer on the uses and structural underpinnings of ground leases, as well as the differences between ground and space leases. As you will learn and as some of you may already know, ground leases transfer virtually all of the responsibilities of ownership to the tenant for the term of the ground lease, which is much longer than those in a space lease (generally 50 or more years and most commonly 99 years).
Although the tenant owns the building and improvements for such an extended period, the landlord ends up with a rent flow and a reversionary interest in the improvements at the end of the term. Moreover, because the improvements are costly and the tenant bears the risks and responsibility for constructing or purchasing them, tenants generally obtain leasehold financing to pay a portion of such costs. Such financing arrangements and the rating agencies governing such mortgages have complex rules and requirements that imbue many aspects of the lease.
Upcoming start dates
- Self-paced Online
Who should attend?
This live webinar is designed for attorneys, presidents, vice presidents, property managers, landlords, real estate managers, and developers.
- Creation of the Estates
- Due Diligence/Approvals
- Commencement Date/Closing
- Term/Transfer Taxes
- Base Rent
- Net Lease
- Replacement of Existing Building
- Leasehold Mortgages
- Fee Mortgages
- Surrender/End of Term
- Rights of First Offer/Refusal
- Rating Agency Guidelines
Certification / Credits
Contact this provider
Lorman Education Services - Live and On-Demand Courses
Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...