Rent

At common law. A certain profit issuing yearly out of lands and tenements corporeal; a species of incorporeal hereditament. 2 BI. Comm. 41. A compensation or return yielded periodically, to a certain amount, out of the profits of some corporeal hereditaments, by the tenant thereof. 2 Steph. Comm. 23. A certain yearly profit in money, provisions, chattels or labor, issuing out of lands and tenements, in retribution for the use. 3 Kent, Comm. 460. The compensation, either in money, provisions, chattels, or labor, received by the owner of the soil from the occupant thereof. Jack. & G. Landl. & Ten. § 38. And see Lombard v. Boyden, 5 Allen (Mass.) 254; Bledsoe v. Nixon, 69 N. C. 89; Fisk v. Bray-man, 21 R. I. 195, 42 Atl. 878; Clarke v. Cobb, 121 Cal. 595, 54 Pan. 74; Parsell v. Stryker, 41 N. Y. 483; Otis v. Conway, 114 N. Y. 13, 20 N. E. 628; Payn v. Beal, 4 Denio (N. Y.) 412; Van Wicklen v Panison, 14 Barb. (N. Y.) 655. In Louisiana. The contract of rent of lands is a contract by which one of the parties conveys and cedes to the other a tract of land, or any other immovable property, and stipulates that the latter shall hold it as owner, but reserving to the former an annual rent of a certain sum of money, or of a certain quantity of fruits, which the other party binds himself to pay him. It is of the essence of this conveyance that it be made in perpetuity. If it be made for a limited time, it is a lease. Civ. Code La. arts. 2779, 2780.

— Fee farm rent. A rent charge issuing out of an estate in fee; a perpetual rent reserved on a conveyance of land in fee simple.

— Ground rent. See Ground.

— Quit rent. Certain established rents of the freeholders and ancient copyholders of manors were so called, because by their payment the tenant was free an'd "quit" of all other services.

— Rack rent. A rent of the full annual value of the tenement or near it. 2 Bl. Comm. 43.

— Rent-charge. This arises where the owner of the rent has no future interest or reversion in the land. It is usually created by deed or will, and is accompanied with powers of distress and entry.

— Rent-roll. A list of rents payable to a particular person or public body.

— Rent seek. Barren rent; a rent reserved by deed, but without any clause of distress. 2 Bl. Comm. 42; 3 Kent, Comm. 461.

— Rent-service. This consisted of fealty, together with a certain rent, and was the only kind of rent originally known to the common law. It was so called because it was given as a compensation for the services to which the land was originally liable. Brown.

— Rents of assize. The certain and determined rents of the freeholders and ancient copyholders of manors are called "rents of assize," apparently because they were assized or made certain, and so distinguished from a redditus mobilis, which was a variable or fluctuating rent. 3 Cruise, Dig. 314; Brown.

— Rents res-olnte. Rents anciently payable to the crown from the lands of abbeys and religious houses; and after their dissolution, notwithstanding that the lands were demised to others, yet the rents were still reserved and made payable agnin to the crown. Cowell. Rent must he reserved to him from whom ths state of the land moveth. Eo. Litt. 143.