ground rent

American

noun

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

ground rent British

noun

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

Etymology

Origin of ground rent

First recorded in 1660–70

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Another man told the BBC the annual cost of his late mother's flat was more than £11,000 a year once ground rent, council tax and services charges were combined.

From BBC

The draft Leasehold and Commonhold Reform Bill includes plans to cap ground rent at £250, ban the sale of new leasehold flats and give homeowners greater control over how their buildings are managed.

From BBC

The government will announce a cap on ground rents paid by leaseholders in England and Wales on Tuesday morning, the BBC understands.

From BBC

Justin Madders told the BBC Labour must stick to its pledge to cap ground rents - an annual fee leaseholders must pay to their freeholder.

From BBC

Meanwhile, a freeholder can charge for ground rent and service fees.

From BBC

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023