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ground rent
noun
- the rent at which land is let to a tenant either for a long term or perpetually.
ground rent
noun
- law the rent reserved by a lessor on granting a lease, esp one for a long period of years
˜yÐÄvlog History and Origins
Origin of ground rent1
Example Sentences
Income from ground rents and lease extensions as well as the rising value of the land itself all make this lucrative.
There are nearly five million leasehold properties in England - homes where residents pay ground rent on top of their mortgage.
There are about five million leasehold properties in England and Wales, with some owners saying they have experienced unjustifiably high ground rents or service charges, and issues with carrying out repairs.
But leaseholders are often charged expensive ground rent.
However plans to remove ground rent - a charge leaseholders pay on top of their mortgage - or cap it at £250 have been dropped.
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