Parcel.earth

Term: Up to 99 years with possible extensions.
Base rent is typically negotiable depending upon interest rates and land value.
Rent may reset every 10 years, adjusted for inflation.
Annual rent increases by approximately 2% of the base rent. (For example, initial 6% rent of land value in the second year would be 6.12%)
The landowner usually retains the first lien on the land, and the building owner or bank retains the first lien on improvements.
The tenant generally covers all property expenses—including taxes, insurance, maintenance, and utilities.

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