Mar
What Is Ground Rent?
Ground rent is the payment transferred to the owner of land by a tenant that wishes to improve upon and use the land in such a manner that both parties have previously agreed upon. Ground rent leases in the United Kingdom are generally very long-term, and can even be handed down through generation of both leaser and lessees in some cases. At no time during a ground rent agreement does the leaser of the land surrender the title to the property to the lessee, even when the land is used to build huge projects such as multi-million dollar hotels, businesses, and condominiums. On the other hand, there are laws in place to protect the lessee from potential abuse by the tenant as well.

