ground rent definition

  • noun:
    • Chiefly British Rent covered land to be used chiefly for building.
    • Rent taken care of the land, often for a long-term rent or perhaps in perpetuity, in which the land-owner therefore the owner of improvements vary; the improvements tend to be effortlessly security for the repayment regarding the lease.
    • lease purchased the privilege to build on another man's land.
    • repayment for straight to inhabit and enhance a piece of land

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