I know I just get a bill for $60 every 6 months from a company I've never heard of. If you fall behind on paying, it can cost you a lot more than the $60 though. Over a recent 6 year period, city judges awarded houses to ground rent holders over 500 times! If you don't want to risk it, you usually can request to buy out your ground rent.
All three parts of our Ground Rent series plus continuing coverage, pictures, a sample deed, etc can be read here.
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