Ground Rent
Ground rent is a charge on a property which is used by the landlord of the property to pay for general repairs and maintenance. If you are the owner of a property, having bought it freehold, then obviously you won’t be charging yourself ground rent, but if you brought a leasehold property (where you have posession of the property for a pre-defined length of time) then the landlord in that case can demand ground rent from you. As time goes by, you should be aware that ground rent will rise, usually in line with inflation as is normal.
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