When it comes to a ground lease buyout, there’s a lot to understand. It’s first important to know that a ground lease refers to the process of renting out your land for a period of time. The buyout means that a company is able to pay for the remaining balance of the lease so that you can get out of it.
One of the places that you may see a ground lease buyout is with a cell tower company. This is because these companies are looking for people who will allow them to put their towers on their property. If the person that owns the land is already in a different lease, they will need to buy it out.
This can be extremely beneficial to the landowner because it allows them to move on to a new lease without having to worry about the balance on the previous one. If you own a lot of land, this may be relevant to you.
Overall, a land lease buyout is a great way for land owners to get out of old leases. Before you enter into any agreement, be sure to have all of the information in front of you.