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Moneyextra.com Dictionary

Ground Rent

Ground Rent is a sum of money paid to the landlord by a leaseholder in respect of a leasehold property. 

The ground rent is set when the lease is first granted. The lease usually provides for increases in the amount payable as the years tick by.

See alsoMoneyextra.coms Mortgage Centre and Mortgage Comparison Service

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2009-02-17 00:00:00 © Moneyextra.com