Ground Rent Arrangement

Ground Rent Arrangement

A situation in which someone owns a structure but not the land the structure is located on. Because she does not own the land, she has to pay rent on it. It is common for hotels and office buildings to be subject to ground rent arrangements; sometimes houses are, too. Ground rent arrangements are more common in some states than others.

For individuals, purchasing a home on leased land can be a more affordable option than purchasing both a home and the land it sits on. Also, the Internal Revenue Service allows ground rent payments to be deducted as mortgage interest under certain conditions. However, a ground rent arrangement can be a less stable form of home ownership because the homeowner has little control over what happens to the land.


Investment dictionary. . 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Crabble Athletic Ground — The approach to the turnstiles Full name Crabble Athletic Ground Location …   Wikipedia

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • Gentrification — and urban gentrification refer to the changes that result when wealthier people ( gentry ) acquire or rent property in low income and working class communities.[1] Urban gentrification is associated with movement. Consequent to gentrification,… …   Wikipedia

  • Dartford F.C. — Dartford Full name Dartford Football Club Nickname(s) The Darts Founded 1888 …   Wikipedia

  • Lansdowne Road — ( Bóthar Lansdúin [bʷoːɾ/bʷoːhəɾ ɫan̪ˠs̪ˠd̪ˠuːn̥] in Irish) is a sports stadium located in Dublin owned by the Irish Rugby Football Union (IRFU) and used primarily for rugby union, but also for association football internationals and cup finals… …   Wikipedia

  • United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium

  • Europe, history of — Introduction       history of European peoples and cultures from prehistoric times to the present. Europe is a more ambiguous term than most geographic expressions. Its etymology is doubtful, as is the physical extent of the area it designates.… …   Universalium

  • performing arts — arts or skills that require public performance, as acting, singing, or dancing. [1945 50] * * * ▪ 2009 Introduction Music Classical.       The last vestiges of the Cold War seemed to thaw for a moment on Feb. 26, 2008, when the unfamiliar strains …   Universalium

  • Dimmock v Hallett — Court Court of Appeal in Chancery Date decided 13 November 1866 Citation(s) (1866 67) LR 2 Ch App 21 Case opinions Sir GJ Turner LJ and Sir HM Cairns LJ Dimmock v Hallett (1866 67) LR 2 Ch App 21 is an …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”