rent (1)

[From rent, pa. par. of rend (q. v.).] 1. Lit.: An opening made by rending or tearing asunder; a breach, a fi ure, a crevice, a crack, a gap, a tear. "From Lyons there is another great rent , which runs acro the whole country in almost another straight line." Add is on : Remarks on Italy. 2. Fig .: A schism, a separation, a rupture; as, a rent in the church. rent (2), *rente, s . [Fr. rente rent, revenue, from rendita , a nasalized form of Latin reddita ( pecunia )=(money) paid, fem. sing. of redditus , pa. par. of red do to give back, to render (q. v.); Ital. rendita =rent; O. Sp. & Port. rand a ; Spanish rent a ; Dut., Dan. & Ger. rente ; Sw.rent a, ränta; Icel. rentà .] A sum of money, or other valuable consideration, payable periodically for the use of lands or tenements; the return made to the owner by the occupier or user of any corporeal inheritance It does not nece arily consist in money. Bithell ( Counting House Dictionary ) says: "The word has three different meanings, which it is important to distinguish: 1. In common speech, it signifies the payment period ically made for the use of lands, houses, or property of any kind. 2. In legal phraseology, it signifies the right to demand payment for the same, not the payment itself. 3. In political economy the meaning is more restricted, and is applied to the payment annually made for the use lands employed simply for the production of such wealth as is yielded by tilling it." of Rents, as defined by the English common law, are of three kinds, rent - service , rent - charge , and rent seck. Rent- service is when some corporal service is incident to it, as by fealty, and a sum of money; rent-charge is when the owner of the rent has no future interest or reversion expectant in the land, but the rent is reserved in the deed by a clause of distre for rent in arrear; rent - seck (dry rent) is rent reserved by deed, but without any clause of distre . " Rent is an incorporeal he rid it ament, and signifies a compensation or acknowledgment given for the po es. sion of some corporeal inheritance, being defined as cer. tain profit i uing yearly out of lands and tenements corporeal. It must be a profit; yet there is no occasion for it to be money; for capons, corn, and other matters may be rendered by way of rent. It must i ue out of lands and tenements corporeal; that is, from some inheritance whereunto the owner or grantee of the rent may have recourse to distrain. Therefore a rent cannot be reserved out of an advowson, a common, an office, a franchise, or the like. Rent is regularly due and payable upon the land from whence it i ues, if no particular place is mentioned in the reservation. And strictly it is demandable marine; gō, pot, pine, pit, sire, sir, The American Dictionary and Cyclopedia and payable before the time of sunset of the day whereon it is reserved, though perhaps not absolutely due till midnight."- Black stone : Comment ., bk. ii., ch. 3. Adam Smith considers rent as the price paid for the use of land. Ricardo and his followers considered that the rent of superior soils is equal to the difference between their produce and that of the worst soils cultivated. There is great doubt as to the accuracy of this view. Land let by a landlord to a tenant for purpose of cultivation is analogous to money lent to a borrower. The rent of the land is virtually the interest on the land viewed as a loan. 1. Rents of A ize: [AsSIZE.] 2. Black-rent: Blackmail (q. v.) 3. Fee - farm rent : [FEE-FARM.] 4. Fore -hand rent: (1) [FOREHAND-RENT.] (2) Rent paid in advance. 5. White- rents : Quit-rents when payable in silver, as distinguished from black-rents (q. v.). ( Eng .) *rent-arrear, s. Unpaid rent. rent-charge, s. [RENT, 8.]