Simple English definitions for legal terms
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A rentcharge is a type of payment made for the use or occupancy of property, usually real property. It can be paid periodically and may be charged in perpetuity. If payments are not made, the right to receive the payment can be taken back. There are different types of rent, such as ground rent, crop rent, and net rent. Rentcharge is also known as rent charge or fee-farm rent.
Definition: Rentcharge is the right to receive an annual sum from the income of land, usually in perpetuity, and to retake possession if the payments are in arrears. It is a type of rent that is charged on a property and paid periodically for the use or occupancy of the property.
Examples:
These examples illustrate how rentcharge can take different forms, such as a maximum rent under rent-control regulations, a portion of a harvest given as rent, or rent paid for the use of undeveloped land. In each case, rentcharge is a type of rent that is charged on a property and paid periodically for the use or occupancy of the property.