ground rent
noun
: the rent paid by a lessee for the use of land especially for building
Example Sentences
Recent Examples on the Web These include ground rent payments to the monarchy. 
Eliot Brown, WSJ, 12 Mar. 2022 According to the lease, if the infrastructure improvements are done as called for, the city would rebate ground rent paid by Carver Aero for each of the 20 years. Steve Lord, chicagotribune.com, 7 Jan. 2022 That enables the duchy to charge small ground rents to homeowners grandfathered into long leases, like Mr. Davis. Benjamin Mueller, New York Times, 27 Jan. 2020 The ground rent for the Lotte New York Palace Hotel, on Madison Avenue in Manhattan, is scheduled to reset based on fair market value in 2026. Keiko Morris, WSJ, 22 Jan. 2019 The ground rent will be based on a new appraisal conducted in 2021, the company said. Keiko Morris, WSJ, 22 Jan. 2019 Unlike many 99-year leases, Brookfield won’t pay annual ground rent. Peter Grant, WSJ, 3 Aug. 2018 See More
Eliot Brown, WSJ, 12 Mar. 2022 According to the lease, if the infrastructure improvements are done as called for, the city would rebate ground rent paid by Carver Aero for each of the 20 years. Steve Lord, chicagotribune.com, 7 Jan. 2022 That enables the duchy to charge small ground rents to homeowners grandfathered into long leases, like Mr. Davis. Benjamin Mueller, New York Times, 27 Jan. 2020 The ground rent for the Lotte New York Palace Hotel, on Madison Avenue in Manhattan, is scheduled to reset based on fair market value in 2026. Keiko Morris, WSJ, 22 Jan. 2019 The ground rent will be based on a new appraisal conducted in 2021, the company said. Keiko Morris, WSJ, 22 Jan. 2019 Unlike many 99-year leases, Brookfield won’t pay annual ground rent. Peter Grant, WSJ, 3 Aug. 2018 See More Word History
First Known Use
1667, in the meaning defined above
Legal Definition
ground rent
noun
1
: the rent paid by a lessee for the use of land especially for building
2
: a rent charge reserved to himself or herself or his or her heirs by the grantor of land in fee simple, on perpetual lease, or on lease for a renewable term of years
Note: Ground rent in this sense is found chiefly in Pennsylvania and Maryland.
- blasphemers
- blasphemes
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- blast
- blast (at)
- blast at
- blast burner
- blast cleaning
- blast from the past
- blast furnace
- blast gate
- blast heater
- blast injury
- blast lamp
- blast main
- blast pipe
- blast roasting
- blast wall
- blast zone