QuestionApril 27, 2025

Who owns the building that is erected on land that has a ground lease during the term of the lease? 1) Testator 2) Lessor 3) Lessee 4) Trustee

Who owns the building that is erected on land that has a ground lease during the term of the lease? 1) Testator 2) Lessor 3) Lessee 4) Trustee
Who owns the building that is erected on land that has a ground lease during the
term of the lease?
1) Testator
2) Lessor
3) Lessee
4) Trustee

Solution
4.3(222 votes)

Answer

3) Lessee Explanation In a ground lease, the lessee (tenant) has the right to build on the land and owns any structures erected during the lease term. The lessor retains ownership of the land itself.

Explanation

In a ground lease, the lessee (tenant) has the right to build on the land and owns any structures erected during the lease term. The lessor retains ownership of the land itself.
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