Land Leasing

A land lease–also called a ground lease–is a lease agreement that permits the tenant to use a piece of land owned by the landlord in exchange for rent. Land leases work very similarly to the way traditional property leases operate, and tenants can enter into both residential and commercial agreements.

Most land leases are vacant, allowing the tenant to construct a temporary (or in some arrangements, permanent) structure at his own cost. However, some land leases do already have structures, partial structures or other objects on them for the tenant’s use.

At Afriwaterfarm, we lease land for a specific period of time.