The words “ground” and “land” may be synonymous in the thesaurus; however, that’s where the similarities between a commercial ground lease and commercial land contract (in Ohio or other states) end. At its most basic level, a commercial ground lease is not a sale of land, but rather...
Land Contracts are a way for a Buyer and Seller to create an agreement on the sale of a home without a third party lender. A Land Contract is often used to sell property between family members, or when the Buyer is not bank mortgage eligible due to credit issues or a lack of downpaym...