Definition of Ground rent:
Receive rental land. It also refers to long-term rent where the rent is usually paid to the landlord to build something on the land.
The owner of the building pays the rent for the land on which he built the building.
How to use Ground rent in a sentence?
- The review concludes that many of the 99-year land leases granted by former owners were not completely converted when the houses were properly sold.
Meaning of Ground rent & Ground rent Definition