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

But leaseholders are often charged expensive ground rent.

From BBC

However plans to remove ground rent - a charge leaseholders pay on top of their mortgage - or cap it at £250 have been dropped.

From BBC

Levelling Up Secretary Michael Gove – who has announced he is standing down as an MP at the election – had originally wanted to cap ground rents at nominal level.

From BBC

But a Conservative manifesto commitment to restrict ground rents paid by leaseholders to next to nothing did not make it into the Act.

From BBC

On housing, Ms Elphicke said the government was "failing to build the homes we need" and had "betrayed" renters and leaseholders by not delivering on promises to end no fault evictions and abolish ground rents.

From BBC