ground rent

noun

Definition of ground rent 

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

First Known Use of ground rent

1667, in the meaning defined above

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The first known use of ground rent was in 1667

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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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