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单词 ground rent
释义

ground rent
A rent reserved by a long lease of land. For example when a house or flat is sold on a lease for 99 years, the lessor may reserve a small annual rent payable throughout the term as well as the capital price payable on the grant of the lease. Ground rent may increase over time in accordance with provisions in the lease.

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更新时间:2025/4/4 21:35:00