Ground lease is an agreement where the user of a plot of land pays an annual fee (canon) to the landowner. This agreement doesn't automatically terminate upon the death of the lessor or through cancellation. Leaseholders have superficies rights, allowing them to build on the leased land and sell the property including the ground lease rights.
Ground leases typically have prolonged durations, such as 49 or 99 years. Municipalities use ground leases to influence land prices and benefit from value increases by adjusting the canon upon renewals.
