ground rent

Definitions of "ground rent"
  1. A form of lease payment made by a tenant, particularly for the purpose of building on the designated land
  2. A specified rental fee maintained by the provider of the land or their descendants, mainly established on land given in perpetual rent, or for a renewable period
How to use "ground rent" in a sentence
  1. The company was required to pay annual ground rent to the landowner for their office building.
  2. As part of the lease agreement, the grantor’s family received a perpetual ground rent from the lessee.
  3. The ground rent stipulated in the lease was subject to review and adjustment every five years.

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