ground rent

noun

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

ground rent

noun

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

Word History and Origins

Origin of ground rent¹

First recorded in 1660–70

Example Sentences

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

There are about five million leasehold properties in England and Wales, with some owners saying they have experienced unjustifiably high ground rents or service charges, and issues with carrying out repairs.

From BBC

But leaseholders are often charged expensive ground rent.

From BBC