Ground lease


 

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Ground lease

A lease of land, as opposed to a lease of a building.



Ground lease

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Ground rent

Ground rent

Rent payable by the owner of a leasehold property to the freehold owner.


Ground rent

Ground rent

This applies only to leasehold properties and is a sum paid annually to the freeholder by the leaseholder.


Unpaid ground rent charge

Unpaid ground rent charge

If you are a leaseholder, and the freeholder notifies the lender that you have not paid your ground rent or service charge, the lender may penalise you. Costs £30 - £50.




 
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