Rent - Law Dictionary Search Results
Home Dictionary Name: rentRent
Rent [fr. reditus Lat.], a certain profit issuing yearly out of lands and tenements corporeal; it may be regarded as of a two fold nature--first, as some-thing issuing out of the land, as a compensation for the possession during the term; and secondly, as an acknowledgment made by the tenant to the lord of his fealty or tenure. It must always be a profit, yet there is no necessity that it should be, as it usually is, a sum of money; for spurs, capons, horses, corn, and other matters, may be, and occasionally are, rendered by way of rent; it may also consist in services or manual operations, as to plough so many acres of ground and the like; which services, in the eye of the law, are profits. The profit must be certain, or that which may be reduced to a certainty by either party; it must issue yearly, though it may be reserved every second, third, or fourth year; it must issue out of the thing granted, and not be part of the land or the thing itself.Consideration paid, usu. periodically...
Tithe Rent-Charge
Tithe Rent-Charge. A charge on land, substituted by commutation for that charge on the produce of the land for the benefit of the Church, which was called tithe from being the tenth part of the increase yearly arising and renewing from the profits of lands, the stock upon lands, and the personal industry of the inhabitants; the first species being usually called pr'dial, the second mixed, the third personal.This commutation was effected by a procedure set on foot by the (English) Tithe Act, 1836 (6 & 7 Wm. 4, c. 71), amended by subsequent Acts. See Chitty's Stat., tit. 'Tithe Rent-Charge.' The amount to be paid was annually adjusted, according to the price of corn.The commutation was effected in one of two ways-either by a voluntary parochial agreement, con-firmed by the commissioners, or by the compulsory award of the commissioners. The value, either voluntarily agreed upon or awarded by the commissioners, was considered as the amount of the total rent-charge to be paid in respect of ...
Increase of Rent and Mortgage (Restrictions) Acts (English)
Increase of Rent and Mortgage (Restrictions) Acts (English). A series of statutes, each of a temporary character, curtailing the contractual rights, in respect of certain classes of property, of landlords and mortgagees. This legislation was rendered necessary, in the first instance, by the conditions caused by the outbreak of the Great War. The continuance of the protection to tenants and mortgagees of dwelling-houses afforded by the later Acts was made necessary by the housing shortage, caused principally by the economic effects of the war. The Courts (Emergency Powers) Act,1914 (4 & 5 Geo. 5, c. 78), was the first of such Acts: it restricted the right to levy distress or resume possession of property by landlords and of mortgagees to foreclose or realize their security. This Act was followed by a series of complicated statutes which imposed restrictions on increasing the rent and mortgage interest on properties falling within their scope. the obscure and ambiguous drafting of these ...
Fee-farm rent
Fee-farm rent, where an estate in fee is granted in perpetuity, subject to a rent in fee for so much as it is reasonably worth, not being less than one-fourth of the value of the lands at the time of its reservation; and such rent appears to be called fee-farm, because a grant of land reserving so considerable a rent is indeed only letting lands to farm in fee-simple, instead of the usual method of life or years, Steph. Com., 13th Edn. At p. 480. If the rent be in arrear for two years the feoffor or his heirs may have an action to recover the lands as his demesnes. Cowel's Law Dict., citing Britton, cap. 66, num. 4. Formerly it was said that these rents could not be distrained for, but the (English) Landlord and Tenant Act, 1730 (4 Geo. 2, c. 28), s. 5, allowed distress, impounding and sale for the rents if the rents had been paid for three years. for the remedies in case of non-payment of these rents if created after 1881, see s. 121, (English) Law of Property Act, 1925, and for relie...
rent
rent 1 a : a return made by a tenant or occupant of real property to the owner for possession and use thereof ;esp : a sum of money agreed upon between a landlord and tenant for the use of real property b in the civil law of Louisiana : a contract by which one party conveys to another to hold as owner a tract of land or other immovable property in perpetuity in exchange for payment of an annual sum or quantity of fruits c : the amount paid by a hirer of personal property to the owner for the use thereof d : a royalty under a mineral lease 2 : the portion of the income of an economy (as of a nation) attributable to land as a factor of production in addition to capital and labor for rent : available for use or service in return for payment vt 1 : to grant the possession and enjoyment of in exchange for rent 2 : to take and hold under an agreement to pay rent vi 1 : to be for rent 2 a : to obtain use and possession of a place or property in exchange for rent b : to allow ...
Rent agreed
Rent agreed, the words 'rent agreed' is used in s. 4(2)(b) of the Haryana Urban (Control of Rents and Eviction) Act, 1973. In a narrow sense rent is understood as the payment agreed to be made to the landlord by the tenant in consideration for the right to use the rented premises. By using the words 'rent agreed' the legislature intended to indicate that the word 'rent' must be construed in a wider sense to include, apart from the narrow connotation, any payment made for use of land where the quantum may have been fixed otherwise than by agreement, Ishwar Swaroop Sharma v. Jagmohan Lal, AIR 2001 SC 370 (372): (2001) 1 SCC 218....
Dead rent and royalty
Dead rent and royalty, 'dead rent' is calculated on the basis of the, area leased while 'royalty' is calculated on the quantity of minerals extracted or removed. Thus, while dead rent is a fixed return to the lessor, royalty is a return which varies with the quantity of minerals extracted or removed. Since dead rent and royalty are both a return to the lessor in respect of the area leased looked at from one point of view dead rent can be described as the minimum guaranteed amount of royalty payable to the lessor but calculated on the basis of the area leased and not on the quantity of minerals extracted or removed, D.K. Trivedi v. State of Gujarat, AIR 1986 SC 1323 (1345): (1986) Supp SCC 20....
ground rent
ground rent 1 : the rent paid by a lessee for the use of land esp. for building 2 : a rent charge reserved to himself or herself or his or her heirs by the grantor of land in fee simple, on perpetual lease, or on lease for a renewable term of years NOTE: Ground rent in this sense is found chiefly in Pennsylvania and Maryland. ...
Double Rent
Double Rent. This is a penalty on a tenant holding over after his own notice to quit has expired. B the Distress for Rent Act, 1737 (11 Geo. 2, c. 19), s. 13,in case any tenant give notice to quit, and shall not deliver up possession at the time in such notice contained, he must from thenceforward pay to the landlord double the rent or sum which he should otherwise have paid. As to the effect of the Rent and Mortgage Interest Restrictions Acts, 1920 and 1923, see Flannagan v. Shaw, (1920) 3 KB 96; Barton v. Fincham, (1921) 2 KB 299; Northcotte v. Roche, 37 TLR 364. See Woodfall's Landlord and Tenant...
Ground rent
Ground rent. Rent reserved on a lease by a lessor, usually for a long term of years to a lessee who may use or dispose of the land by sale or lease at its value during the term subject to the ground rent; it generally takes the form of rent payable for land let on a building lease on which the lessee erects building, which at the termination of the lease become, together with the land, the property of the lessor, Barlett v. Salmon, 6 De G.M. & G. p. 33....
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