rent

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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 ?
These studies then analyzed the financial benefits for consumers by adding positive, monthly utility or rental payments to their credit reports and the subsequent effect on their overall access to credit, credit scores and risk profile.
After using PayYourRent, Experian can record residents' 25 most recent months of rental payments, if available, to their credit report, helping them build a solid credit history to support future endeavors.
After implementing the use of rental payment history in conjunction with screening, Alliance saw increased income and reduced expenses that have benefitted owners in a transactional environment for apartment properties.
Adding on-time rental payments to credit files may help those who operate primarily on a cash basis to integrate into the banking system and establish a credit history that they can leverage to receive more affordable credit and improve their economic well-being.
WilliamPaid enables renters throughout the country to pay rent electronically and now gives them the opportunity for their rental payments to be reported to Experian RentBureau.
We have witnessed the impact of rental payment history from day one, and being able to furnish that data as a credit item - whether it is above or below the line - is the key to creating a better rental prospect for everyone," said Mark Stringer, senior vice president of Riverstone Screening Services and Riverstone Receivables.
Current offerings include: RentPredict(TM), the first and only predictive score of future rental payment based on rental history, RentMonitor(TM), summarizing rental default risk by community, RentReveal(TM), which enables your existing screening systems to access rental history for fast and easy approval of new applicants, and the newest offering, RentConfirm.
16 /PRNewswire/ -- RentBureau(TM), the first national online repository of rental payment histories, has added three national apartment owners and managers as participants, announced RentBureau President and CEO Eric Hartz.
In January of 1992, the rental payment goes down to $1.
Rental payment histories to enhance Resident Data resident screening service
com becomes first resident screening company to provide rental payment data to its customers

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