ground-rent
Definition
Noun: Ground-rent refers to a periodic payment made by a tenant to a landowner for the use of land, typically under a long-term lease, where the tenant owns the buildings on the land but not the land itself.
Usage Examples
- (A yearly fee for using the land.)
- (The payment amount does not change over time.)
Advanced Usage
"ground-rent system": a legal and economic arrangement where land is leased separately from the buildings on it.
- In many cities, the ground-rent system allows for long-term development without full land ownership. (The system enables building projects on leased land.)
"ground-rent charge": a specific amount of ground-rent owed, often recorded in a lease or deed.
- The ground-rent charge for the property is £500 per year, payable quarterly. (The fee is to be paid every three months.)
Variants and Related Words
Ground-rent (n): the exact term, sometimes hyphenated or written as "ground rent".
- The ground-rent agreement was signed for 99 years. (The lease term is nearly a century.)
Ground landlord (n): the owner of the land who receives ground-rent.
- The ground landlord collects the ground-rent from the leaseholder. (The landowner receives the payment.)
Synonyms
- Land rent: a general term for payment for the use of land.
- Site rent: a payment specifically for the location or site of a building.
Related Idioms
- "Ground-rent is the price of land": a phrase indicating that ground-rent represents the value of land separate from improvements.
- Economists say ground-rent is the price of land, not the buildings on it. (The fee reflects only land value.)