Connecticut General Statutes 47-302 – Ground lease interest constitutes an interest in real property
Current as of: 2023 | Check for updates
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A lessee’s interest in a ground lease with a community land trust shall constitute an interest in real property. Any loan made to the lessee may be secured by the lessee’s leasehold interest in the same manner as any other loan secured by real property.
Terms Used In Connecticut General Statutes 47-302
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.