Fee farm rent

The rent reserved on granting a fee-farm. It might be one-fourth the value of the land, according to Cowell; one-third, according to other authors. Spelman. Gloss.; Termes de la Ley.

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

Defined under Rent in Black's Law Dictionary.

The rent reserved on granting lands in fee farm; the amount of which must have been at least one fourth of th« value of the lands at the time of its reservation. Co, Litt, 148 b. It might be one third, or even one half. Spelman, voc. Feodi firma. Termes de la ley, Britton's words are, a respondre pur eitx par an le verrey value, ou plus ou meyns; (to answer for them yeaiiy the true value, more or less.) Britt c. 66. Some writers use /ce /arm to signify not only the estate itself (see Fee farm,) bnt the rent reserved on it, taking the word farm itself in the sense of rent. Hargr, Co, l Att. Note 235, lib. 2.

In that sense, the addition of the word rent is clearly superfluous. But &&farm also signifies a lease, it seems to be more accurate to employ the expression fee-farm to denote the estate, and fee-farm rent the rent reserved out of it. See Farm.

contracts, Engl. luw. When the lord upon the creation of a tenancy reserves to himself and his heirs, either the rent for which it was before let to farm, or at least one-fourth part of that farm rent. It is called a fee farm rent, because a farm rent is reserved upon a grant in fee. 2 Inst. 44.