from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun Rent paid for land to be used chiefly for building.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun law, real estate
Rent paidfor the land, usually for a long-term leaseor in perpetuity, where the land-owner and the ownerof improvementsare different; the improvements are effectively securityfor the payment of the rent.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun payment for the right to occupy and improve a piece of land
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