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In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. [1] The ground rent provides an income for the landowner. [ 2 ] In economics , ground rent is a form of economic rent meaning all value accruing to titleholders as a result of the exclusive ownership of title privilege to location .
A basement apartment is an apartment located below street level, underneath another structure—usually an apartment building, but possibly a house or a business. Cities in North America are beginning to recognize these units as a vital source of housing in urban areas and legally define them as an accessory dwelling unit or "ADU".
If the time of ownership can be fixed and determined, it cannot be a freehold. It is "An estate in land held in fee simple, fee tail or for term of life." [4] The default position subset is the perpetual freehold, which is "an estate given to a grantee for life, and then successively to the grantee's heirs for life." [4]
Common areas under landlord's control (e.g. hallways in an apartment building), if the landlord failed to maintain them to a reasonable standard or otherwise was negligent in their management. Injury resulting from landlord's negligent repairs, whatever the cause. Use by the general public, if the following three factors exist:
Whitehayes (Sunnyhayes), Burton, Dorset – 2000–2002, into 5 apartments in the main house and 4 apartments in the adjoining wing. Gallowhill Hall, Whalton Park, Morpeth, Northumberland – 2000–2003 by NBP Whitelam Homes (unlisted, built 1888 by Charles Perkins for Lord Decies), [1] formerly a school, into 7 houses and 6 flats, plus 3 new ...