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LSDefine

Simple English definitions for legal terms

lease for life

Read a random definition: ad satisfaciendum

A quick definition of lease for life:

A lease for life is an agreement where someone can rent a piece of land for as long as they live, instead of for a set number of years. The person who rents the land pays a small amount of money each year, but also has to pay a fee when they first start renting and when they renew the lease. If the person who owns the land is a group like a monastery or college, they get extra money from these fees. However, this type of lease became less popular when laws were made in the 1800s that made it harder for groups to make money this way.

A more thorough explanation:

A lease for life is a type of lease for land that lasts for the duration of a specified number of lives instead of a set number of years. Unlike a tenant with a lease for a set number of years, a lessee for life could recover the land if dispossessed.

For example, if a person leased a piece of land for their lifetime and the lifetime of their two children, the lease would end when all three individuals had passed away. The rent paid for a lease for life was usually small, but a fine was paid when the lease was granted, and another fine was payable when the lessee exercised the right to replace the lives and extend the lease.

Leases for life were popular in the past, but they lost their popularity when legislation in the first half of the nineteenth century compelled corporations to add fines to their capital instead of treating them as income.

lease contract | lease for years

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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
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.
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