irredeemable ground rent

irredeemable ground rent
A rent reserved to himself and his heirs by the grantor of land, out of the land itself. It is not granted like an annuity or rent charge, but is reserved out of a conveyance of the land in fee. It is a separate estate from the ownership of the ground, and is held to be real estate, with the usual characteristics of an estate in fee simple, descendible, devisable, alienable. Wilson v Iseminger, 185 US 55, 59, 46 L Ed 804, 806, 22 S Ct 573.

Ballentine's law dictionary. . 1998.

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