15:23
and ofc, good luck :)
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Simple English definitions for legal terms
loanland
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A quick definition of loanland:
Term: LOANLAND
Definition: Loanland is when someone loans a piece of land to another person for a certain period of time, usually for the life of the person or a few lives. The person who gets the loaned land has to do some work on the land or give something in return to the person who loaned it. Loanland is different from bocland because bocland is land that is given directly by the king, while loanland is given by a landlord for a temporary period of time.
A more thorough explanation:
Definition: Loanland is a type of tenancy where one person loans land to another person for a specific period. The person who receives the loaned land is called the grantee and they usually have to perform agricultural services or make payments to the landlord in return.
Loanland is different from bocland, which is land that is directly granted by the king through a charter. Loanland is usually held for a specific period, such as the life of the grantee or for three lives.
Example: A farmer named John receives loaned land from a wealthy landlord for the next 10 years. In return, John has to pay a portion of his crops to the landlord every year and perform other agricultural services on the land.
Explanation: This example illustrates loanland because John is receiving land from a landlord for a specific period and has to perform services and make payments in return. This is different from owning the land outright or receiving it directly from the king through a charter.