ground rent

noun

Definition of ground rent

: 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 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 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'ground rent.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of ground rent

1667, in the meaning defined above

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Time Traveler for ground rent

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The first known use of ground rent was in 1667

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Dictionary Entries Near ground rent

ground rattler

ground rent

ground robin

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Statistics for ground rent

Cite this Entry

“Ground rent.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/ground%20rent. Accessed 16 Aug. 2022.

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More Definitions for ground rent

ground rent

noun

Legal Definition of ground rent

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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