Ground rent is the regular payment made by a lessee to the lessor for the lease of land, usually on a long-term lease agreement, allowing the lessee to utilize the land for specified purposes while retaining ownership rights with the lessor.
Leased land, also referred to as leasehold land, involves leasing a parcel of land from a landowner for a specified time period, often for development or long-term residency. This arrangement grants the tenant certain property rights without transferring land ownership.
