ground rent

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

1660–70 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
ground rent
law the rent reserved by a lessor on granting a lease, esp one for a long period of years

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
He retained the leaseholds, bought others, and collected the ground rent.
The ground rent is a redeemable ground rent only if all of the following are true.
The first component is the reduced ground rent due to the lower rents collected from tenants in affordable units.
The developer will pay the transit agency a market-based ground rent or provide a combination of rent and in-kind services.
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