Question

Which party to a long term ground lease is the holder of the leased fee? a) lessor b) lessee c) grantee d) grantor

Answer 1

In a long term ground lease, the lessor is the holder of the leased fee interest. The lessor is the property owner who grants the lease and has rights to rental income and return of the property after the lease term. The correct option is (a) lessor.

Step-by-step explanation:

In a long term ground lease, the party that holds the leased fee interest is the lessor. The lessor is the property owner who grants the lease to the lessee.

The leased fee interest represents the ownership interest of the lessor that includes the right to receive rent and the reversionary right to take back possession of the property at the end of the lease term. On the other hand, the lessee acquires a leasehold interest, which gives them the right to use and occupy the land for the term of the lease.

Answer 2

a) lessor.In a long-term ground lease, the holder of the leased fee interest is the lessor, who is the landowner and retains ownership of the land throughout the lease term.

Step-by-step explanation:

In the context of a long-term ground lease, the lessor is the party that holds the leased fee interest. A ground lease is a type of real estate lease where the landowner (lessor) allows a tenant (lessee) to develop a piece of property during the lease period. After the lease expires, the land and all improvements revert to the lessor. Therefore, the correct answer to which party is the holder of the leased fee in a long-term ground lease is a) lessor.