“rent payable in advance constitutes an annuity in advance for the landlord”
- Types:
- show 4 types...
- hide 4 types...
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rent
a payment or series of payments made by the lessee to an owner for use of some property, facility, equipment, or service
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ground rent
payment for the right to occupy and improve a piece of land
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peppercorn rent
very low or nominal rent
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rack rent
an extortionate rent
- Type of:
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annuity, rente
income from capital investment paid in a series of regular payments
