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ground rent

the rent at which land is let to a tenant either for a long term or perpetually.
Origin of ground rent
1660-70 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for ground rent
  • 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.
British Dictionary definitions for ground rent

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 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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