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Ground rent information


As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases.[1] The ground rent provides an income for the landowner.[2] In economics, ground rent is a form of economic rent meaning all value accruing to titleholders as a result of the exclusive ownership of title privilege to location.[3][4]

  1. ^ see Department for Communities and Local Government
  2. ^ www.landlordzone: Ground rents
  3. ^ Weiner, Nadia. "Adam Smith's Recommendations on Taxation". Archived from the original on 12 October 2014. Retrieved 13 September 2014.
  4. ^ Paine, Thomas (1795). Agrarian Justice. Retrieved 13 September 2014.

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gives the right to a lease for the residence of a unit. Another form is ground rent (solarium) in which a single landlord retains ownership of the land (solum)...

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half-year's rent, computed from the last mentioned date. If someone pays a ground rent on a leasehold property or a rentcharge on a freehold property that is...

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Property Trust Ltd. The agreement was made in 1937 and specified an annual ground rent of £2,500. The outbreak of World War II in September 1939 led to a downturn...

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Jury Award. Highbury Square has 650 flats, which have a relatively high ground rent and many communal services (a higher-income centred service charge)....

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apartments have been sold by large housebuilders with a leasehold where the ground rent payable doubles every 10 to 25 years, with consequently a very high price...

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proposed that those who possess cultivated land owe the community a ground rent, which justifies an estate tax to fund universal old-age and disability...

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