Comparative law notes
lease that permits the lessee to build on the leased land and to use and enjoy the building until the lease terminates, at which time the land reverts to the lessor while the building serves as backpayment of rent
arrendamiento ad edificandum
full
building lease
noun
Definitions of building lease
a long-term lease allowing for building work or improvements on existing buildings. Building leases are granted in situations where the tenant wants to invest money in improving the land or property in a way that has been agreed with the ground lessor so that both parties may benefit from the investment. Unless otherwise agreed, all improvements will be owned by the building lessor. A building lease is often the subject of a sublease.
This lease is therefore actually a sublease and subject and subordinate to all of the terms and conditions of the Building Lease.