Ground Rent Definition
What is ground rent. Definition of ground rent. Ground Lease Valuation Model Adventures In Cre A ground lease or a ground rent is a type of commercial real estate lease where a lessee develops the real estate property he or she is renting. Ground rent definition . Ground rent agreements have sometimes required the payment of rent for a term of ninety-nine years with renewal at the option of the party who pays it. Ground rent - payment for the right to occupy and improve a piece of land rent - a payment or series of payments made by the lessee to an owner for use. Ground rent is an agreement between a landlord and a tenant where a tenant pays for the right of using a plot of land. The tenant would pay a fixed fee to the landlord either monthly or periodically. Name of requestor state whether this is the ground lease holder or ground lease tenant Mailing address of requestor. The lease will normally specify how much rent you have to pay and when it has to be paid. I