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Simple English definitions for legal terms

fee-farm rent

Read a random definition: de clerico admittendo

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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