Posted on: 15th Nov, 2005 12:40 am
I am asking this question just out of curiosity. I was in a party and there my friends were talking about something called ground rent. Can you tell me what is this ground rent?
Roger
Roger
Hi Donald,
Welcome to MortgageFit Forums.
Ground rent is the income generated from the lease of the ground and not any building or any other improvement on that ground. Ground rent is quite common in case of mobile home parks where the housing units may be owned by an individual but the land is offered as rent from the mobile home park owner.
God Bless You.
Thanks,
Samantha
Welcome to MortgageFit Forums.
Ground rent is the income generated from the lease of the ground and not any building or any other improvement on that ground. Ground rent is quite common in case of mobile home parks where the housing units may be owned by an individual but the land is offered as rent from the mobile home park owner.
God Bless You.
Thanks,
Samantha
How do i calculate ground rent for a filling station
Hi amey,
Your landowner who have leased you the property or rented it to you, should have told you about the rent that you need to pay him. Didn't your landowner tell you about the rent?
Thanks,
Jerry
Your landowner who have leased you the property or rented it to you, should have told you about the rent that you need to pay him. Didn't your landowner tell you about the rent?
Thanks,
Jerry