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Examples of ground rent in a Sentence
Recent Examples on the Web
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
Other legislative attempts have failed, however, including a bill in New York to cap rents statewide, and a bill in Colorado limiting ground rent increases for mobile homes.
—Will Parker, WSJ, 18 Aug. 2022
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
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'ground rent.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1667, in the meaning defined above
Dictionary Entries Near ground rent
Cite this Entry
“Ground rent.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/ground%20rent. Accessed 30 Sep. 2024.
Legal Definition
ground rent
noun1
: 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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