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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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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