Block A being covered with buildings, and let at a ground rent of 1300l.
They wouldn't have had it long enough to clear their own ground rent.
In a next step, the notional ground rent is allowed for.
House insurance and water - include sewage costs plus ground rent.
"The ground rent is like a second mortgage," he said.
But after the building was destroyed, his ground rent fell to $150,000.
In return they will pay you a ground rent for use of the land.
For its support, an annual ground rent was assessed all properties.
Land would be available to anyone who paid the ground rent.
Owners are paying an average of $1,855 a year toward the ground rent.
