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Legal Terms – Ground Rent
A periodic payment made by a leaseholder to a freeholder for the land on which a leased property stands. The rent typically remains fixed for long leases, although modern reforms have restricted unfair increases. It is a feature of many leasehold housing arrangements in England and Wales.
A periodic payment made by a leaseholder to a freeholder for the land on which a leased property stands. The rent typically remains fixed for long leases, although modern reforms have restricted unfair increases. It is a feature of many leasehold housing arrangements in England and Wales.
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