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Office of the Illinois State Treasurer
Michael French
Notice of Real Estate Acquisition
One East Old State Capitol Plaza, Springfield, Illinois
Springfield Marine Bank Trust No. 5101750
March 27,
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Who needs ground lease 3?
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What is ground lease 3?
Ground Lease 3 refers to a specific form or document used in real estate transactions, typically related to the leasing of land where the lessee may be required to pay taxes or additional fees.
Who is required to file ground lease 3?
Typically, property owners or lessees who have a ground lease agreement in place are required to file Ground Lease 3.
How to fill out ground lease 3?
To fill out Ground Lease 3, one must provide accurate property information, details of the lessee and lessor, the terms of the lease, and any other required disclosures as specified in the form.
What is the purpose of ground lease 3?
The purpose of Ground Lease 3 is to document the terms of a leasehold interest in real property, ensuring compliance with local taxation and regulatory requirements.
What information must be reported on ground lease 3?
Information that must be reported on Ground Lease 3 includes lessee and lessor names, property description, lease terms, and any financial obligations or agreements stated in the lease.
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