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Ground Rent
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Ground Rent is a sum of money paid to the landlord by a leaseholder in respect of a leasehold property.
The ground rent is set when the lease is first granted. The lease usually provides for increases in the amount payable as the years tick by.
See also : Moneyextra's Mortgage Centre and Mortgage Comparison Service
Last Updated: May 2007 © Moneyextra.com
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