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 ?
Landlord Assist is concerned that if renting continues to become the norm then more people will have insufficient funds when approaching retirement age to afford rental payments.
Graham Kinnear, managing director of Landlord Assist, says: "Increased demand for rental accommodation is obviously good news for landlords, but the wider picture is more worrying in that renters, who may have previously envisaged owning a property but have been forced to rent, may not have the finances to maintain rental payments in their retirement.
The source said First Quench hoped to reduce rental payments for unprofitable shops.
Using the rental payments also provides a cost-effective way of saving up a sizeable deposit but doing so while living in and enjoying the new home.
First Quench, which includes a Wine Rack in Marsh, said it was in talks with landlords over rental payments for some of its unprofitable stores.
Our Cardmembers around the country have embraced the benefits of monthly rental payments on the Card," said Kyle Curtin, vice president of Strategy and Business Development, American Express Establishment Services.
In those years, due to lower revenue and expenses in contingent fee suits, the firm did not make the requisite rental payments, nor did it pay the taxpayer a salary.
The bonds are secured by city of Oakland (the city) and Alameda county lease rental payments for use of the Oakland Coliseum Complex (a 111-acre site which includes the stadium), subject to abatement, and are supported by a covenant to budget and appropriate lease payments annually.
The promotion was an offer to pay mortgage payments or rental payments for one calendar year up to $25,000.
The Service has not turned a blind eye to such potentially large rental payments escaping taxation.

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