Ground Rent
Rent paid to the owner for use of land, normally on which to build a building; generally, the arrangement is that of a long-term lease (such as, 99 years) with the lessor retaining title to the land.
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Rent paid to the owner for use of land, normally on which to build a building; generally, the arrangement is that of a long-term lease (such as, 99 years) with the lessor retaining title to the land.
Source: NCREIF | Date: 05 September 2025 | ID: D1193 | Version: 1