ground rent

noun

: the rent paid by a lessee for the use of land especially for building

Examples of ground rent in a Sentence

Recent Examples on the Web Apartment owners here say they’re frustrated with the extra costs associated with living under the authority, such as ground rent and civic fees. Zachary Small, Curbed, 1 July 2021 Other legislative attempts have failed, however, including a bill in New York to cap rents statewide, and a bill in Colorado limiting ground rent increases for mobile homes. Will Parker, WSJ, 18 Aug. 2022 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

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'ground rent.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1667, in the meaning defined above

Time Traveler
The first known use of ground rent was in 1667

Dictionary Entries Near ground rent

Cite this Entry

“Ground rent.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/ground%20rent. Accessed 18 Apr. 2024.

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.

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