Legal advice with Karen Walsh: How to buy out the ground rent of a leasehold property

Buying out the ground rent means that people can more easily sell, mortgage, or develop their property.

Owning the leasehold interest in a property means that you own the building, and not the land it is on, and that your ownership is for a fixed number of years.

If you own a leasehold property, you must pay a ground rent to your ground landlord, the person who owns the ground it is built on.