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ground rentDefinitions (2) 1. In the U.K. and the Commonwealth countries, the rent that a person who builds upon land owned by another, commonly under a 99-year lease, pays to the land owner. The landowner is ca [..]
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ground rent1 : the rent paid by a lessee for the use of land esp. for building 2 : a rent charge reserved to himself or herself or his or her heirs by the grantor of land in fee simple, on perpetual lease, or .. [..]
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ground rentRent paid to the owner for use of land, normally on which to build a building. Generally, the arrangement is that of a long-term lease (e.g. 99 years) with the lessor retaining title to the land.
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ground rentA sum the leaseholder pays for the use if the land only.
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ground rentGround rent is a regular payment required under a lease from the owner of leasehold property, payable to the freeholder. A ground rent is created when a freehold piece of land or a building is sold on [..]
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ground rentRent paid for vacant unimproved property. If the property is improved, ground rent is that portion of the total earnings attributable to the land only.
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ground rent – you will be charged this if you have purchased a leasehold property. It is often a token 'peppercorn' rent charged annually.
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ground rentThere is now a facility available to buy your ground rent
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ground rentAn annual charge levied by the freeholder to the leaseholder.
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ground rentThe amount of money that is paid for the use of land when title to a property is held as a leasehold estate rather than as a fee simple estate.
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ground rentIs the charge paid to the Landlord, usually on an annual basis, and fixed by the Lease terms.
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