rent

(redirected from Fixed Payments)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.

rent

1) v. to hire an object or real property for a period of time (or for an open-ended term) for specified payments. 2) n. the amount paid by the renter and received by the owner. Rent may be specified in a written lease, but also may be based on an oral agreement for either a short period or on a month-to-month basis in which the hiring may be terminated on a month's notice. (See: lease)

rent

noun assessment, compensation, cost, fee, income from real estate, land revenue, merces, proceeds, reditus, remuneration, rental, return, revenue
Associated concepts: action for rent, assignment of rent, ejectment, fair rent, fair rental value, holdover, month-tooonth rental, prepayment of rent, reasonable rent, rent strike, rents and proceeds, security, suit for rent, tenancy by will, unaccrued rent

rent

verb allow residency, allow the use of, charter, conducere, contract, demise, enjoy the use of premises, ennage, give occupation, grant a lease, hire out, lease, lend, let, let out, locare, make available, sublease, sublet, take a lease, underlease, underlet, use premises
Associated concepts: option to rent
See also: charge, cost, lease, let, rift, schism, split, sublease, sublet

rent

the sum or amount agreed in the lease or tenancy agreement to be paid by the tenant to the landlord for exclusive possession of the property leased for the period of the lease. The same term maybe used for the charge for use of moveables such as a motor vehicle.

RENT, estates, contracts. A certain profit in money, provisions, chattels, or labor, issuing out of lands and tenements in retribution for the use. 2 Bl. Com. 41; 14 Pet. Rep. 526; Gilb., on Rents, 9; Co. Litt. 142 a; Civ. Code of Lo. art. 2750; Com. on L. & T. 95; 1 Kent, Com. 367; Bradb. on Distr. 24; Bac. Ab. h.t.; Crabb, R. P. SSSS 149-258.
     2. A rent somewhat resembles an annuity, (q.v.) their difference consists in the fact that the former issues out of lands, and the latter is a mere personal charge.
     3. At common law there were three kinds of rents; namely, rent-service, rent-charge, and rent-seek. When the tenant held his land by fealty or other corporeal service, and a certain rent, this was called rent-service; a right of distress was inseparably incident to this rent.
     4. A rent-charge is when the rent is created by deed and the fee granted; and as there is no fealty annexed to such a grant of rent, the right of distress is not in incident; and it requires an express power of distress to be annexed to the grant, which gives it the name of a rent- charge, because the lands are, by the deed, charged with a distress. Co. Litt. 143 b.
     5. Rent-seek, or a dry or barren rent, was rent reserves by deed, without a clause of distress, and in a case in which the owner of the rent had no future interest or reversion in the land, he was driven for a remedy to a writ of annuity or writ of assize.
     6. But the statute of 4 Geo. II. c. 28, abolished all distinction in the several kinds of rent, so far as to give the remedy by distress in cases of rents-seek, rents of assize, and chief rents, as in the case of rents reserved upon a lease. In Pennsylvania, a distress is inseparably incident to every species of rent that may be reduced to a certainty. 2 Rawle's Rep. 13. In New York, it seems the remedy by distress exists for all kinds of rent. 3 Kent Com. 368. Vide Distress; 18 Viner's Abr. 472; Woodf, L. & T. 184 Gilb. on Rents Com. Dig. h.t.. Dane's Ab. Index, h.t.
     7. As to the time when the rent becomes due, it is proper to observe, that there is a distinction to be made. It becomes due for the purpose of making a demand to take advantage of a condition of reentry, or to tender it to save a forfeiture, at sunset of the day on which it is due: but it is not actually due till midnight, for any other purpose. An action could not be supported which had been commenced on the day it became due, although commenced after sunset; and if the owner of the fee died between sunset and midnight of that day, the heir and not the executor would be entitled to the rent. 1 Saund. 287; 10 Co. 127 b; 2 Madd. Ch. R. 268; 1 P. Wms. 177; S. C. 1 Salk, 578. See generally, Bac. Ab. h.t.; Bouv. Inst. Index h.t.; and Distress; Reentry.

References in periodicals archive ?
By the end of the decade, they called for a blended system of fee-for-service, fixed payments, and salary.
2002; Robertson, Walkom, and McGettigan 2005) and that lotteries are inferior to unconditional fixed payments (Leung et al.
Benefits and returns will be weighted in favour of constituents and quality rather than members receiving fixed payments," said SCC managing director Alan Wyn Jones.
Typically, a spouse is the beneficiary; in such case, a joint and survivor annuity provides fixed payments as long as either spouse is alive.
Grainger added that the seller could also be entitled to other fixed payments if certain land valuation targets are met and a further profit share entitlement reduced by the amount of fixed payments received.
By 2000 these fixed payments had reached $22 billion, about three times the pre-reform level of 1996, according to the 2002 report Landowners' Riches: The Distribution of Agricultural Subsidies by Ohio State University agricultural economist Barry K.
Board members and staff are now forbidden to work or accept payment from accounting firms, save fixed payments under retirement arrangements and other forms of deferred compensation.
Features include a three month repayment holiday; a lending facility of between pounds 1,000 and pounds 25,000; fixed payments irrespective of loan term, and chquest delivered to successful applicants within 24 hours.
In return for developing, financing and implementing alternative energy projects that guarantee energy-related cost savings, the companies will receive fixed payments from the energy cost savings achieved.
Patients could be offered fixed payments for specific injuries without going to court.
The interest-rate swap agreement provides that floating rate payments of London Interbank Offered Rate (LIBOR), plus an agreed-upon spread will be exchanged for fixed payments at a rate of 12.
Fixed payments are measured for reasonableness at the time the contract is entered into, even if it runs for several years.