Mar 31, 2017 - 05:51 AM
It would depend upon the language within the mortgage agreement as to whether you (the landowner) may enter into a lease without the lender's permission. In our experience this is rarely a problem, but the mortgage should be reviewed first. If it is not clear, then check with the lender directly. Fundamentally, the lender shouldn't have a problem with it, the ground lease increases the income on the property, providing more security for their loan.