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Simple English definitions for legal terms

fee-farm rent

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A quick definition of fee-farm rent:

Fee-farm rent: A type of rent that is paid when someone is granted the right to use a piece of land. It is usually a percentage of the land's value and can be paid forever. It can also be a type of rent that is paid on a piece of land that someone owns.

A more thorough explanation:

Fee-farm rent is a type of rent that is reserved when a fee farm is granted. It is usually one-fourth or one-third of the land's value. It can also be a rent charge that comes from a fee estate or a perpetual rent on a conveyance in fee simple.

Example 1: John owns a piece of land worth $100,000. He grants a fee farm to Sarah and reserves a fee-farm rent of $25,000 (one-fourth of the land's value). Sarah must pay this rent to John every year.

Example 2: Mary owns a fee estate worth $500,000. She charges a fee-farm rent of $10,000 to Tom, who wants to use the land for farming. Tom must pay this rent to Mary every year.

These examples illustrate how fee-farm rent works. In both cases, the owner of the land reserves a certain amount of rent that the tenant must pay every year. This rent can be a percentage of the land's value or a fixed amount. The tenant must pay this rent as long as they use the land.

fee farm | fee interest

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splitterus i don't think so but at this rate who knows
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who knows anything jackfrost
ImpartialLion
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Thanks for the insight! Hopefully it means something this year🙏🏽
for sure!! ur gonna do great :)
Dkk
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Woo, it took almost 24 hours but my butthole is feeling good again! Just wanted to update y'all on my struggle.
[] baddestbunny
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Ew
Dkk
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soap
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Thank you for the update
Dkk
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Welcome.
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soap
17:20
Do the admissions offices close on Veterans Day?
I think someone here was really interested in Cornell Law. I forgot their username now but I just talked to the Cornell admissions rep at the Houston LSAC fair and apparently 2/3 of people who interview at Cornell ultimately get in.
soap
17:21
Hello 🫡
soap
17:21
Thank you for your service, you’re a real one
soap
17:23
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I'm honestly not sure
[] baddestbunny
17:31
is Cornell a school where only people who interview get in?
I think so
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soap
17:35
Did she say anything regarding if decisions will start to come out soon?
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username changed
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cockenheimer
17:56
when u boutta detonate some bomb dick u be like
17:56
cockenheimer
[] baddestbunny
17:57
sloppenheimer
17:58
*tips cap*
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m'lady ahh gesture
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seing smells rn
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and smelling sights
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