What is Ground lease?
Ground lease is a right in rem to use property that belongs to a third party. The ground leasehold is therefore connected to immovable property, the ground in this case and not to a specific person. The leaseholder is the holder of the license and has more or less the same rights as an owner during the ground lease period. For the ground license the ground leaseholder pays the ground owner a yearly fee, the canon. The canon is tax-deductible.