Once enacted, the law would prohibit the creation of any new ground rents on residential property, effective Jan. 22, 2007. Some senators questioned whether it was appropriate to enact the prohibition retroactively. But Frosh said the provision was necessary to avoid a "land rush" of property owners creating new ground rents before the law goes into effect.
Several more ground rent bills have been filed and are scheduled for hearings next week. While the bill passed today was designed to make sure the ground rents do not become more prevalent, the other legislation directly tackles the current system.
What about ground rents in other cites in America?
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