The annual rent paid by a leaseholder to the person or company owning the freehold. It's usually paid by people living in leasehold flats to the company owning the land on which the block was built. Ground rent is not the same as a service or maintenance charge, which leaseholders may pay to cover such things as the management, maintenance and repair of the block of flats or property.
Some leases are based on such a long term, 50 -100 and sometimes 999 years. They are to all intents and purpose freehold and lending institutions will treat them as such. The price such leases change hands at are similar to freehold and the rents are usually an annual, and nominal, fixed sum.
Earnings from the ground only. Earnings of improved property after an allowance is made for earnings of improvements. A perpetual rent that a grantor in some states may reserve to himself or herself and his or her heirs when he or she conveys real property. Back to the Top
is the rent at which land is let (leased) to a tenant either for a long term or perpetually. For example: a corporation can pay to have its office built on land that it rents from the owner of the land. The corporation owns the building but not the land.