Ground rent is a lease agreement for the use of the land a house sits on, and homeowners must pay rent to the owner of the land, which can be redeemed through the Maryland General Assembly.
Tag: homeowners
Posted inCommentary
The rent is still too high
By Farrah Hassen “How we gonna pay last year’s rent?” implores the chorus in the song, “Rent,” from Jonathan Larson’s 1996 musical of the same name. It’s the same refrain for many Americans today. A new Harvard study found that half of U.S. renter households now spend more than 30 percent of their income on […]