ground rent

American  

noun

1. the rent at which land is let to a tenant either for a long term or perpetually.

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ground rent British  

noun

1. law the rent reserved by a lessor on granting a lease, esp one for a long period of years

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Etymology

Origin of ground rent

First recorded in 1660–70

Example Sentences

Meanwhile, a freeholder can charge for ground rent and service fees.

From BBC

He recently found out that his ground rent doubles every 10 years and is now at £500 per year.

From BBC

Income from ground rents and lease extensions as well as the rising value of the land itself all make this lucrative.

From BBC

There are nearly five million leasehold properties in England - homes where residents pay ground rent on top of their mortgage.

From BBC

Millions of leaseholders currently own the right to use their property for a period of time and can pay hundreds in annual ground rent to a freeholder - on top of separate service charges.

From BBC