Legal Definitions - redditus

Redditus is a Latin term that historically refers to a payment or service owed by one party to another, typically in exchange for the use of land or property. While often synonymous with "rent" in modern usage, it encompasses any form of return, whether monetary, in goods, or in services, that is due from the occupation or use of an estate.

• Example 1: Residential Apartment Rent

  Imagine a person who rents an apartment in a city. Each month, they pay $1,800 to their landlord for the right to live in and use the apartment.

  In this scenario, the monthly payment of $1,800 is the redditus. It is the monetary return the landlord receives in exchange for the tenant's occupation and use of the property.

• Example 2: Agricultural Sharecropping Agreement

  Consider a farmer who cultivates a plot of land owned by another individual. Instead of paying cash, their agreement stipulates that the farmer must give 15% of the harvested wheat crop to the landowner each season.

  Here, the redditus is not money but a portion of the agricultural produce. It represents the return, in goods, that the landowner receives for allowing the farmer to use their land for cultivation.

• Example 3: Commercial Building Lease

  A small technology company leases an entire floor in a commercial building for its offices. The lease agreement requires the company to pay $15,000 every quarter to the building's owner.

  The $15,000 paid every three months by the technology company constitutes the redditus. It is the regular monetary payment made for the privilege of using the commercial property for business operations.