rent

(redirected from rent-free)
Also found in: Dictionary, Thesaurus, 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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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.
Collins Dictionary of Law © W.J. Stewart, 2006

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The researchers found that in all areas surveyed, at least half the former OFC beneficiaries had worked out a deal with their landlord and stayed in the same house after their 12 rent-free months had finished.
Whenever (RLC) puts up new commercial buildings, SSS is considered," the SSS chief said.Go, for his part, said the agreement represents the continuous commitment of the company to provide rent-free spaces for the SSS and help the pension fund cater to the growing needs of its members.
Bromley Council, also under Tory control, hit a food bank in Orpington, South East London, with an PS8,500 bill after three rent-free years.
New retailers can apply for rent-free retail space to market test their enterprise.
Leading managed workspace provider, Servcorp, has announced the launch of a Ramadan offering where new clients can get a rent-free promotion on its serviced and virtual offices in any of its UAE locations.
BUDDING businesses are being given the chance to shine - by winning rent-free market stalls.
How about a rent-free period when you sign up for a one-year lease?
Gareth Turner, of Turner Bros, shares the company''s Ruthin headquarters with a number of SMEs and is offering a month rent-free to newcomers.
Although headline rents are higher than they were in 2000 - currently around pounds 28 per sq foot, as opposed to pounds 24 per sq ft ten years ago - the amount of rent-free incentives on offer means landlords are receiving less income for their space.
Comprising 11,925 sq ft on both ground and first floors, the retailer took a 10-year lease at a rent of pounds 225,000 pa, with a 12-month, rent-free period.
How long is your son to stay in the property rent-free? Until your death, or for his lifetime?
Roy Carpenter is to travel with his wife in New Zealand and is offering 'a winter sun holiday' with a little practising thrown in, as well as a rent-free four-bedroom house with a pool, and other benefits, early next year.