0 money paid by the owner of a building or apartment to the person who owns the land on which it has been built
1 money paid by the owner of a building or apartment to the person who owns the land on which it has been built:
Sometimes he would mortgage his assets to the landlord to guarantee the payment of the ground rent.
He refers to a war damaged private house on which the original lease was 99 years and the ground rent was £4 per annum.
In addition, in the meanwhile he would get as a return on his capital only the annual ground rent.
The payer does not bear the tax in these cases but passes it on by deducting it from the ground rent.
I see that there is to be power to alter the ground rent from time to time.
If the only argument is that one cannot set off one's ground rent, do that too.
The law has so far held that feu duty and ground rent are not to be charged against general income.
She has to bear all the costs of lighting, heating, rates, water rate, ground rent, and so on.
