The person who owns the vacant property or land is referred to as the lessor or landlord. The entity or individual who wishes to improve that property is called the lessee or tenant. The lease allows the tenant to occupy this land and develop it for a variety of potential purposes.
When an agricultural land lease is put together, they might include information about the land being used for orchard trees and crops. Alternatively, the land might be a ranch used for hunting forest animals and wild game. The third option is to convert the land into a pasture that will house grazing animals including sheep, goats, and cattle.
A commercial land lease will vary in the way the land is used. To be a commercial land lease, the lease must be taken out by a company that has the intention of using the land for their business in some way. One minor use would be a business receiving the rights to install billboards on the land. A business might also seek to build a telecommunications tower that can be used in their cell phone reception. They might want to create a building that will house a fast-food restaurant, or they might even plan to create a multistory hotel complex on the land.
Residential leases are the final type of lease. This involves situations in which the tenant intends to live on the land. Sometimes, the tenant will move a trailer onto the land. Alternatively, the land might host an entire trailer park. The other option would be to gain permission from the landlord to put together a small cabin or cottage in the woods.
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