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Topic - Ground rents?

Frank4short - on 10 Jan 2013
Seeing the thread about the aggressive bill chasers got me thinking about ground rents. Not being British, or even living in the uk, ground rents are pretty much a near non existent thing here, Oirland, that occasionally pops up in the media once in a blue moon.

They strike me as a pretty antiquated system that doesn't really have any place in modern society. If i'm being really truthful continue to pay an income to old vested interests which probably don't deserve it. (Which i might add is not something i'd be likely to say normally as I'm defo not a screaming lefty who believes in the downtrodden underclass, etc.)

So would someone care to explain them to me? And do they actually really serve a purpose in modern society? Other than giving a small elite an additional income which is unearned.
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