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Definitions from WordNet

Definitions from the Web

Ground Rent

Description:

Ground rent refers to the regular payment made by a leaseholder to the owner of the land on which a property is built. It is a long-term leasehold arrangement where the landowner maintains ownership of the land while the leaseholder has the right to occupy and use the property.

Sample Sentences:

As a noun:

• The ground rent for the apartment was due at the end of the month.
• He agreed to pay an annual ground rent to the landowner.

As a verb:

• The landlord ground rented the commercial space to a new tenant.
• She decided to ground rent her property rather than selling it outright.

Related Products:

• Lease Agreements
• Property Investment Books
• Books on Land Ownership