Define: Land Lease

How is Land Lease defined in a legal contract?

• Land Lease means the agreement where one party, the tenant, agrees to lease the owner's land, with potential conditions for the agreement to be extended, supplemented, amended, restated or modified over time, in accordance as defined by the agreement. Seen in 8 SEC filings.
• Land Lease means a written contract where the lessee is granted the right to possess, use, or occupy land for a specific purpose and duration, this includes subleases and master leases, and leases or subleases that have been assigned. Seen in 4 SEC filings.
• Land Lease means any lease that would be treated as a 'lease liability' in accordance with International Financial Reporting Standards (IFRS) related to the lease of land. Seen in 3 SEC filings.
• Land Lease means the lease of land regardless of the lessor and lessee involved. Seen in 2 SEC filings.

Please note, these definitions are based on a number of sources and there might be slight variations in the definition in accordance to the context of the contract.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of land lease' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Land Lease means a written agreement granting a party, the tenant, the right to use, possess, or occupy land for a specific duration.

Relevant Contract Types

• Commercial Lease Agreement
• Residential Lease Agreement
• Agricultural Land Lease Agreement
• Ground Lease Agreement

Relevant Circumstances

• Renting a property for commercial purposes.
• Renting a residential property.
• Leasing agricultural land for farming or similar activities.
• Leasing land for construction of a building or facility.

Relevant Sectors

• Real Estate
• Agriculture
• Construction

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Genie Definition 2

• Land Lease means an agreement treated as a 'lease liability' in line with International Financial Reporting Standards (IFRS), tied to the lease of land.

Relevant Contract Types

• Finance Lease Agreement
• Operating Lease Agreement

Relevant Circumstances

• Leasing land to generate revenue, often in a commercial context.
• Leasing land for operations without the intention of ownership transfer.

Relevant Sectors

• Financial Services
• Real Estate
• Retail

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