ground rent
B2CEFR level
58/100Rarity: uncommon
TechnicalRegister
Law phrase
A periodic sum payable by a long leaseholder to the freeholder under the terms of the lease.
The escalating ground rent doubles every ten years, which lenders now regard as onerous.
Business noun
The rent a leaseholder pays to the freeholder for the land on which a building stands.
The investor bought the block's ground rents as a low-risk, index-linked income stream.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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