land lease right; leasehold right
Legal term for the right to lease land, typically for building purposes. Common in real estate contexts.
A land lease right is established on this land.
We negotiated the renewal fee for the land lease right.
地上権 is a broader real right to use land for building or planting, whereas 借地権 is a leasehold right under the Land Lease Act.
Compound of 借地 (shakuchi, 'leased land') + 権 (ken, 'right').