Ground rent owners aren?t unscrupulous villains swooping in to steal homes ? they just want to get paid.
At least that?s what they told members of a House of Delegates committee working Thursday on a legislative package that attempts to modernize the state?s ground-rent system. In ground rent, the property beneath a house is owned by someone other than the homeowner. The ground owner can collect rent on the land, or seize the property if payments are not made.
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