English version

ground rent in Law topic

From Longman Dictionary of Contemporary Englishground rentˈground rent noun [countable, uncountable]  SCLrent that you pay to the person who owns the land that your house, office etc is built on
Examples from the Corpus
ground rentThe terms were a payment of £325 and a ground rent of £1 a year.Cash Flow: Club expenses include wages, transfer fees and ground rent.Under the terms of their lease, they have to pay maintenance charges and annual ground rent to a landlord.There is also something called ground rent, which is attached to leasehold flats.Amounts of ground rent, other rents and premiums must also be disclosed with the frequency of rent reviews.The committee offered £300 plus £1 a year ground rent.