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 ?
As for commercial leasing, rent-free tenant incentives are a standard offer across most commercial districts today.
With rent-free periods of two to three years now typical on a ten year lease, in reality landlords are discounting their headline rents by 20 per cent plus.
To describe this arrangement as my brother living rent-free is a total distortion," she said.
In Letter Ruling 8341005, (4) trustees purchased residential property in a resort area, allowed the trust's income beneficiary to occupy the property rent-free and used the income from other trust assets to pay the real estate taxes.
Now, Becca's Closet has a rent-free storefront and warehouse in the marketplace.
A decedent's house was empty for two months after the date of death and before the daughter moved in rent-free.
But the couple, who have become notorious for moaning about their financial difficulties, have been staying in it rent-free since 1978.
Juan's got some rent-scam going that allows him to stay in a given place rent-free for months at a time.
Superintendent (and former kindergarten teacher) Larry Aceves says that the central office, a converted warehouse, serves as a rent-free training center for Head Start, which is opening up its programs to all children as part of the grant.
A charter elementary in a rent-free school typically pays the district 3 percent of its revenues-$125 to $180 per student--to cover administrative and building costs.
The home is transferred to the QPRT, but the owner reserves the right to live in it rent-free during the trust's term.
The deal provides ready cash to pay off the mortgage and bills, and will provide PB a rent-free venue for seven years.