ground rent

Show Summary Details

Quick Reference

Rent payable under a lease that has been granted or assigned for a capital sum (premium). Normally, long leases on offices, flats, etc., are granted for such a premium, payable when the lease is first granted; in addition the leaseholder pays the landlord a relatively small annual ground rent. See also Rent.

Subjects: Business and Management — Law.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.