Ground rent

As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases.^[1] The ground rent provides an income for the landowner.^[2] In economics, ground rent is a form of economic rent meaning all value accruing to titleholders as a result of the exclusive ownership of title privilege to location.^[3]^[4]

^ see Department for Communities and Local Government
^ www.landlordzone: Ground rents
^ Weiner, Nadia. "Adam Smith's Recommendations on Taxation". Archived from the original on 12 October 2014. Retrieved 13 September 2014.
^ Paine, Thomas (1795). Agrarian Justice. Retrieved 13 September 2014.

[gos.gov.uk-1] see Department for Communities and Local Government

[2] www.landlordzone: Ground rents

[3] Weiner, Nadia. "Adam Smith's Recommendations on Taxation". Archived from the original on 12 October 2014. Retrieved 13 September 2014.

[4] Paine, Thomas (1795). Agrarian Justice. Retrieved 13 September 2014.

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