HISTORIC TURNING POINTS IN REAL ESTATE
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Property may be leased as well as purchased. One form of leasing
arrangement is a long-term ground lease, in which a tenant leases
vacant land and develops it. Once the development is complete, the
ground tenant sublets space to retail, o"ce or industrial tenants,
depending on the type of development. Ground leasehold interests
may be bought and sold in a manner similar to fee simple property
interests.
Commercial Leasing
Most commercial o"ce and retail space, and much of the standard
industrial space in Canada, is available only through a commercial
lease. Most commercial lease transactions start with an agreement
to lease, although...
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HISTORIC TURNING POINTS IN REAL ESTATE
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HISTORIC TURNING POINTS IN REAL ESTATE
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