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ground rent

The correct spelling is ground rent.

How to pronounce ground rent

noun

Say it like: Gro-wnd- re-nt

The correct spelling is ground rent. Rent paid for the land, usually for a long-term lease or in perpetuity, where the land-owner and the owner of improvements are different; the improvements are effectively securi…

Usage Examples

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Definition

noun

  1. 1.Rent paid for the land, usually for a long-term lease or in perpetuity, where the land-owner and the owner of improvements are different; the improvements are effectively security for the payment of the rent.
  2. 2.Rentcharge.

Similar words

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