An Examination Of The Problem And Prospects Of The Administration Of Ground Rent

The ground rent has of course become an established part of modern leasing practice, but is only as recently as the as the 1950’s that landoners were granted leases at a fixed rents by the government without review. Land is a free gift of nature and no action of man bought land into existence that is why it is very necessary for man to pay rent for the use of such property. Government encourages ground rent in order to invest the money into the development of the society as well as to checkmate the use of land. There importance of ground rent to the government can never be over emphasized. In …