RENT - Steven J. Coker
Subject: RENT
From: Steven J. Coker
Date: September 26, 1998

Extracted From:
  A LAW DICTIONARY ..., SIXTH EDITION, 1856
  by John Bouvier
  CHILDS & PETERSON, PHILADELPHIA

GROUND RENT, estates. In Pennsylvania, this term is used to signify a perpetual
rent issuing out of some real estate. This rent is redeemable where there is a
covenant in the deed that, before the expiration of a period therein named, it
may be redeemed by the payment of a certain sum of money; or it is irredeemable,
when there is no such agreement; and, in the latter case, it cannot be redeemed
without the consent of both parties....

LIFE-RENT, Scotch law. A right to use and enjoy a thing during life, the
substance of it being preserved. A life-rent cannot, therefore, be constituted
upon things which perish in the use; and though it may upon subjects which
gradually wear out by time, as household furniture, &c., yet it is generally
applied to heritable subjects. Life-rents are divided into conventional and
legal. 
   -1. The conventional are either simple or by reservation. A simple life-rent,
or by a separate constitution, is that which is granted by the proprietor in
favor of another. A life-rent by reservation is that which a proprietor reserves
to himself, in the same writing by which he conveys the fee to another. 
   -2. Life-rents, by law, are the terce and the courtesy....

QUIT RENT. A rent paid by the tenant of the freehold, by which he goes quit and
free; that is, discharged from any other rent....
   In England, quit rents were rents reserved to the king or a proprietor, on an
absolute grant of waste land, for which a price in gross was at first paid, and
a mere nominal rent reserved as a feudal acknowledgment of tenure. Inasmuch as
no rent of this description can exist in the United States, when a quit rent is
spoken of, some other interest must be intended....
   A perpetual rent reserved on a conveyance in fee simple, is sometimes known
by the name of quit rent in Massachusetts....

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