1. In the U.K. and the Commonwealth countries, the rent that a person who builds upon land owned by another, commonly under a 99-year lease, pays to the land owner. The landowner is called a freehold owner and holds title to the land, whereas the other person is called a leasehold owner and holds title to the building erected on the land. After the expiration of the lease, either the leasehold owner vacates the land or pays an agreed upon sum to become a freehold owner.
2. In the U.S., the rent earned from a leased land under the terms of ground lease.
Related information about ground rent:
- Ground rent - Wikipedia, the free encyclopedia
Ground rent, sometimes known as a rentcharge, is a regular payment made by the owner of a leasehold property to the freeholder, as required under a lease.
- Live in Baltimore - Ground Rent
Ground rent is common in Baltimore City's residential real estate market. The term means you own the house, but someone else owns the actual property that ...
- What Is Ground Rent in Real Estate? | Home Guides | SF Gate
Ground rent is an agreement between a landlord and a tenant, where a tenant pays for the right of using a plot of land. With ground rent, the tenant owns the ...
- SDAT: Ground Rent Information
The printable documents below are in Portable Document Format (PDF). Be certain that you have downloaded and installed the latest version of Adobe Acrobat ...
- Ground rent - Legal Dictionary - The Free Dictionary
Perpetual consideration paid for the use and occupation of real property to the individual who has transferred such property, and subsequently to his or her ...
- What is Ground Rent? - Baltimore City Real Estate - Free Online ...
What is Ground Rent? Ground rent is a form of real estate ownership where the land is owned by one entity, but the real propert located on the land is owned by ...
- What is ground rent? definition and meaning
Definition of ground rent: In the U.K. and the Commonwealth countries, the rent that a person who builds upon land owned by another, commonly under a ...
- Ground Rent Redemption Loan Program
The Ground Rent Redemption Loan Program was created by the Maryland General Assembly in 2007 to provide loans to homeowners to buy out (redeem) ...