The fact is, sometimes land is simply not for sale. For many reasons ' ranging from local custom to estate planning to tax considerations ' the most desirable real property is often available only through long-term ground leases and is usually developed and subleased to retail tenants.
<b><i>In the Spotlight: </i></b>Navigating the Long-Term Ground Lease/Turnkey Sublease Transaction
For many reasons ' ranging from local custom to estate planning to tax considerations ' the most desirable real property is often available only through long-term ground leases and is usually developed and subleased to retail tenants. The long-term ground lease turnkey sublease transaction (referred to in this article simply as the "Turnkey Sublease") is thus a much-used device.
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Richard N. SteinerThis premium content is locked for LawJournalNewsletters subscribers only
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