ground rent

Frequency: 4.02.0 per million words

rent paid by the owner of a building to the owner of the land on which it is built

rentADJECTIVE + NOUN

Categories:

ground

Examples (10)

  • The homeowner was surprised to learn they had to pay ground rent in addition to their mortgage.
  • Many leasehold properties in the UK are subject to an annual ground rent.
  • The lease agreement stipulated a fixed ground rent for the next 99 years.
  • Increasing ground rents have become a significant issue for some homeowners.
  • Developers often sell new properties with a rising ground rent clause.
  • Failure to pay ground rent can, in extreme cases, lead to forfeiture of the lease.
  • The government is considering reforms to address unfair ground rent practices.
  • Historical properties sometimes come with complex ground rent arrangements.
  • Buyers should always check the terms of the ground rent before purchasing a leasehold.
  • She recently purchased the freehold, thereby eliminating her annual ground rent obligation.