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Simple English definitions for legal terms
forehand rent
Read a random definition: Trust Indenture Act
A quick definition of forehand rent:
Forehand rent: A type of rent that is paid by a tenant before they start leasing a property. It can also refer to a premium paid by a tenant to an ecclesiastical corporation when renewing a lease.
A more thorough explanation:
Definition: Forehand rent is a type of premium that a tenant pays before the start of a lease. It can also refer to the rent paid by a tenant before the lease begins.
1. In the past, ecclesiastical corporations would charge a forehand rent to tenants when renewing a lease. This was a way for the corporation to generate additional income.
2. A landlord may require a forehand rent from a tenant before they move in. This is to ensure that the tenant is committed to the lease and will pay the rent on time.
These examples illustrate how forehand rent is a type of payment made by a tenant before or at the start of a lease. It can be used as a way for the landlord or corporation to generate additional income or to ensure that the tenant is committed to the lease.