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

Annual building service charges are £4,520 ($5,600), and ground rent is £150 ($185). —Michael Kaminer, New York Times, 14 Feb. 2025

The best predictor of future ground rent stability is the tenant’s success at the property. —Joshua Stein, Forbes, 20 Dec. 2024

In another ongoing case, a landowning family recently took back the midtown skyscraper Tower 57, where the real-estate firm owned by Charles Cohen stopped paying ground rent after failing to agree with the family on a residential conversion plan. —Paula Aceves, Curbed, 31 Oct. 2024

That shift would cause Trump’s ground rent to soar from $2.8 million in 2032 to $16.3 million the following year, predicted Cushman & Wakefield, a real estate firm, in 2015 (the latest available). —Zach Everson, Forbes, 6 Oct. 2024

Adding to the headaches: Trump, who doesn’t own the land on which the building sits, has just nine years left until his ground rent escalates dramatically, due to an agreement with the building’s German owner. —Zach Everson, Forbes, 6 Oct. 2024

The buildings pay a ground rent to the state Battery Park City Authority (BPCA) and a Payment in Lieu of Taxes (PILOT) instead of property taxes. —New York Daily News Editorial Board, New York Daily News, 23 July 2024

All other monthly payments: £11 phone; £200 towards quarterly property management and annual ground rent; £35 gym membership; £10 annual yoga app membership; £600 to savings account monthly. —refinery29.com, 12 Apr. 2024

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

Word History

First Known Use

1667, in the meaning defined above

Rhymes for ground rent

• accent
• advent
• ascent
• assent
• augment
• cement
• consent
• dement
• descent
• detent
• dissent
• event

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.