Ground Rent

Ground rent. Rent reserved on a lease by a lessor, usually for a long term of years to a lessee who may use or dispose of the land by sale or lease at its value during the term subject to the ground rent; it generally takes the form of rent payable for land let on a building lease on which the lessee erects building, which at the termination of the lease become, together with the land, the property of the lessor, Barlett v. Salmon, 6 De G.M. & G. p. 33.