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Is this like ground rent in the UK for leasehold property? This is a thing but usually a fairly insignificant cost as long as you keep renewing it with decades
by quickthrower2 4y ago
Is this like ground rent in the UK for leasehold property? This is a thing but usually a fairly insignificant cost as long as you keep renewing it with decades to spare.
- justincormack 4y agoExcept when someone invented ground leases that keep doubling a while back…
- red_admiral 4y agoUK ground rent goes to the private owner of the land though, which is mostly not the state. That's why there was a scandal recently when some landowners tried to impose a ground rent that doubled every X years - which the government has thankfully banned now.