The ground rent has, of course, become an established feature of current leasing practice, although landoners were only awarded leases at fixed rents by the government without review until the 1950s. Land is a free gift from nature, and no human action has ever brought it into being, which is why it is so important for people to pay rent for the use of such property. Ground rent is encouraged by the government in order to invest funds in the development of society as well as to regulate land use. It is impossible to overstate the importance of ground rent to the government. In order to meet the goal that has been set. This project was broken down into five sections
BACKGROUND OF THE STUDY
Many residential estates sprung up in the mid-nineteenth century, erected by developers with a ninety-nine-year ground lease. Although ground rent had been used previously, it was at this time that it became widely accepted. The complete duty for development and development was placed in this agreement.
The ground rent has, of course, become an established feature of current leasing practice, but landowners were only recently handed leases at fixed rents by the government without review in the 1950s.
The term groun rent refers to a rent paid by a landowner to the government in exchange for the use of the land. A ground rent, whether it comprises or does not contain review, represents the possibility of