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What is Temporary non-revisable ground rent?

April 26, 2017ground non-revisable rent Temporary

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What is Temporary non-revisable ground rent?

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Temporary non-revisable ground rents are technically leases set for a SET PERIOD OF TIME after which the property should revert back to the OWNER of the LEASE. Most of this type is owned by the Church or Government and many are for periods in the region of 150 years. The amount remains the same for the duration of the lease. This type of ground rent CANNOT be redeemed before expiry, UNLESS an agreement is reached with the owner, who is under no obligation to do so.