Leased land, also referred to as leasehold land, involves leasing a parcel of land from a landowner for a specified time period, often for development or long-term residency. This arrangement grants the tenant certain property rights without transferring land ownership.
Redeemable rent refers to a lease arrangement where the rent paid can be applied toward the purchase price of the property. This type of arrangement is often seen in lease-to-own agreements, offering tenants the possibility of becoming property owners.
