What is Ground Rent?


When a property is owned as a leasehold, the leaseholder may be required to make a regular payment to the freehold owner. It is literally a payment for renting the ground (land) on which a leasehold property stands. The freeholder is not required to provide any additional services for this payment. The requirement for ground rent is usually created when a freehold piece of land is sold on a long lease or leases. Ground rent is often paid yearly.


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