Home > Terms > English, UK (UE) > Ground rent arrangement

Ground rent arrangement

A situation that occurs when someone owns a building or structure, but not the land underneath that structure. In this case the owners of that structure must pay rent for occupying that land to the landowner. This is more common in larger buildings such as apartments, office blocks and hotels, though individual houses may also be subject to ground rent arrangements.

This is auto-generated content. You can help to improve it.
0
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Law
  • Category: Contracts
  • Company:
  • Product:
  • Acronym-Abbreviation:
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: People Category: Entrepreneurs

John McAfee

The founder of McAfee, Inc. and lead designer on the McAfee anti-virus software, notable for being one the first successful shareware products. He ...