Enter a word or phrase in any language 👆
Language:
Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
What (who) is ground rent - definition
RENT FOR THE GROUND WHERE A TENANT CAN DO PROPERTY DEVELOPMENT
Feu duty
ground rent
(ground rents)
Ground rent is rent that is paid by the owner of a flat or house to the owner of the land on which it is built. (mainly BRIT)
N-VAR
ground rent
¦ noun Brit. rent paid under the terms of a lease by the owner of a building to the owner of the land on which it is built.
Ground rent
As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases.
Wikipedia
Ground rent
As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. The ground rent provides an income for the landowner. In economics, ground rent is a form of economic rent meaning all value accruing to titleholders as a result of the exclusive ownership of title privilege to location.
Examples of use of ground rent
1. On top of the headline price there is 5,000 a year ground rent to be paid.
2. They are also likely to charge ground rent as you do not own the plot that the property stands on.
3. Hudco has given the three blocks on sub–lease to certain companies which are paying ground rent to the Urban Ministry.
4. Mr Brown, then the Chancellor of the Exchequer, made no claim for mortgage interest payments, but received 137 to cover ground rent.
5. "They forget that they will have to pay capital gains tax when they sell, and that when the developer or agent tells them they will receive a certain amount of rental income, they don‘t mention all the costs you‘ll have to deduct such as repairs and – if you‘re in a block of flats – the service charge and ground rent." "You have to be smarter now," says Tim Crighton from Property Secrets, a buy–to–let advisory website.