ground rent
English
[edit]Noun
[edit]ground rent (countable and uncountable, plural ground rents)
- (law, real estate) Rent paid under a ground lease, usually long-term or in perpetuity, for a surface right or estate in land where the landowner (surface owner) and the owner of improvements (ground lessor) are separate; the improvements are effectively security for the payment of the rent.
- 1886, Peter Christen Asbjørnsen, translated by H.L. Brækstad, Folk and Fairy Tales, page 99:
- "You had better go to the devil and ask him for my ground-rent," he said.
- (law, Pennsylvania, Maryland) Rentcharge.
Translations
[edit]1. rent under a ground lease for a surface estate, paid by a ground lessor to a surface owner
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