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LSDefine
Simple English definitions for legal terms
grain rent
Read a random definition: unilateral advance pricing agreement
A quick definition of grain rent:
Grain rent: When a farmer gives a part of their crop to their landlord as payment for using their land, it's called grain rent. This is a type of rent, which is when someone pays money or something else to use someone else's property. Other types of rent include ground rent, which is paid for using undeveloped land, and net rent, which is the rental price after expenses like repairs and taxes are paid.
A more thorough explanation:
Definition: Grain rent is a type of crop rent where a sharecropper gives a portion of their harvest to a landlord as rent. It is a form of consideration paid periodically for the use or occupancy of property, specifically real property.
Example: A farmer agrees to give 20% of their wheat harvest to their landlord as grain rent. If the farmer harvests 1000 bushels of wheat, they would owe the landlord 200 bushels as rent.
This example illustrates how grain rent is a portion of a crop given to a landlord as rent for the use of their land. It is a common practice in agriculture where landowners allow farmers to use their land in exchange for a share of the crops produced.
Grain Inspection, Packers, and Stockyards Administration | grammatical interpretation