In real estate, Ground Rent is the rent paid for the use of land only, without regard to any buildings or improvements on it. When the land is vacant, ground rent represents the full rental value of the property.
If the property is improved, ground rent refers to the portion of the total rent that is attributable solely to the land, separate from the value of the improvements. Ground rent is commonly associated with ground leases and is an important concept in land valuation and investment analysis.
