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Simple English definitions for legal terms
bail-à-rente
Read a random definition: journal entry
A quick definition of bail-à-rente:
Bail is when someone gives money or property to a court to let a person who has been arrested go free until their trial. The person who gives the bail promises that the arrested person will come back to court for their trial. If they don't come back, the court keeps the money or property. There are different types of bail, like cash bail where someone gives money, and civil bail where someone pays a debt. Bail can also mean giving personal property to someone else to take care of.A more thorough explanation:
Definition: Bail-à-rente is a type of lease in perpetuity. It is a renewable lease for a term of years that the lessee may prolong indefinitely.
Example: In Canadian law, a farmer may lease land from the government on a bail-à-rente basis. This means that the farmer can use the land for as long as they want, as long as they pay the rent.
Explanation: The example illustrates how bail-à-rente works in practice. The farmer is able to use the land for an indefinite period of time, as long as they continue to pay the rent. This type of lease is beneficial for farmers who want to invest in their land and make long-term improvements, as they have the security of knowing they can use the land for as long as they want.