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Simple English definitions for legal terms

redeemable ground rent

Read a random definition: Gonzalez v. Raich (2005)

A quick definition of redeemable ground rent:

Redeemable ground rent is a type of payment made by a tenant to a landlord for the use of undeveloped land, usually for the construction of a commercial building. It is called "redeemable" because the tenant has the option to buy the land from the landlord at a later time. This type of rent is found primarily in Maryland and Pennsylvania.

A more thorough explanation:

Definition: Redeemable ground rent is a type of rent paid by a tenant under a long-term lease for the use of undeveloped land, usually for the construction of a commercial building. It is also a heritable interest in rental income from land, reserved by a grantor who conveys the land in fee simple. This type of ground rent is found primarily in Maryland and Pennsylvania.

Example: A company leases a piece of land for 99 years to build a shopping mall. The lease agreement includes a provision for the payment of a redeemable ground rent to the landowner. The company pays the ground rent annually, and at the end of the lease term, the landowner has the option to redeem the ground rent and take back ownership of the land.

Explanation: The example illustrates how a tenant can pay a redeemable ground rent to a landowner for the use of undeveloped land. The ground rent is paid annually and can be redeemed by the landowner at the end of the lease term. This type of rent is commonly used in long-term leases for commercial properties.

redditus | redeemable security

General

General chat about the legal profession.

General >T14 Off Topic

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KnowledgeableRitzyWasp

9:37

election day psychosis coming in hot (fordham)

jackfrost11770

9:38

usc pls pull through .....

jackfrost11770

9:38

i literally just need one A so i can relax before my ED decision

WorthlessAttractiveZombie

9:38

oh that's right USC might release

soapy

9:43

USC still has not looked at my app

WorthlessAttractiveZombie

9:43

when did you submit soapy?

soapy

9:44

10/16

WorthlessAttractiveZombie

9:44

to be fair it took them almost 2 months for me to go under review

soapy

9:44

Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7

WorthlessAttractiveZombie

9:45

I have not had a date change either for Mich but I've seen people get in without one so who knows

TheAdoptedOne

9:46

I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw

soapy

9:46

But do people get in without addresses going long?

WorthlessAttractiveZombie

9:46

it's tough to tell because a lot of people type out their addresses long to begin with

soapy

9:46

Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that

TheAdoptedOne

9:54

Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)

ClassyPleasantHeron

10:01

The "date changes" at Michigan really don't mean anything. We had to do them in undergrad admissions whenever a Georgia applicant picked the country instead of the state, because we'd have to remove the TOEFL requirement and reassign the application from the international application readers.

soapy

10:06

Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?

1a2b3c4d26z

10:06

Man

1a2b3c4d26z

10:07

Walkin to the bus

1a2b3c4d26z

10:07

What a good day to get into law school

ClassyPleasantHeron

10:11

@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.

soapy

10:12

Ahh, got it. Thank you for the insight!

ClassyPleasantHeron

10:14

You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.

soapy

10:15

I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.

jackfrost11770

10:22

i think it just indicates a change in status like under review or stages of review

jackfrost11770

10:23

my stanford address went long as soon as it was marked complete lmao

soapy

10:25

I saw some Reddit adcom say that they can see any time we refresh the status checker; I wonder if it's a red flag if an applicant's checked it like 50 times in a day?

soapy

10:25

Also, can we send another LoR to a school that we've already applied to?

soapy

10:26

Or another essay?

FartButt790

10:30

i'll allow it

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