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What is Perpetual non-revisable ground rent?

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What is Perpetual non-revisable ground rent?

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Perpetual non-revisable ground rents are fixed and do not change – ever. The same amount is paid each year when due to the owner of the ground rent. This type of ground rent can be redeemed or bought out at any time at a set rate. It is capitalized at 5% rate i.e. 20 times the ground rent. The property then becomes FREEHOLD.

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