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Simple English definitions for legal terms
annuus reditus
Read a random definition: Qualified institutional buyer (QIB)
A quick definition of annuus reditus:
Term: ANNUUS REDITUS
Definition: Annuus reditus means a yearly rent. It is a legal term used to describe the amount of money that is paid annually for the use of a property or asset. For example, if someone rents a house, they may be required to pay an annuus reditus to the landlord every year. This term is often used in legal documents and contracts.
A more thorough explanation:
ANNUUS REDITUS
Annus reditus is a Latin term that means a yearly rent.
1. The landlord charges an annuus reditus of $12,000 for the apartment.
2. The lease agreement states that the tenant must pay an annuus reditus of $500 for the parking space.
The examples illustrate how annuus reditus is used to refer to the yearly rent charged by a landlord or property owner. In the first example, the landlord charges an annual rent of $12,000 for the apartment, which the tenant must pay every year. In the second example, the tenant is required to pay an annual rent of $500 for the parking space.