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What is Temporary revisable ground rent?

April 26, 2017ground rent revisable Temporary

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What is Temporary revisable ground rent?

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Temporary revisable ground rents are also technically leases for a SET PERIOD OF TIME, after which the property should revert to the OWNER OF THE LEASE. Most of this type is, again owned by the Church or Government and many are in the region of 150 years BUT are linked to a scale of revision, usually 25 years and normally according to the cost of living/ value of the pound sterling. This ensures again that the purchasing power of the ground rent remains constant.