Chief Rent

Chief Rent – this legal term refers to money which is charged regularly on freehold real estate, but does not represent a direct rent income; i.e. it is another kind of financial benefit or satisfactory from the rental relations. It could be paid either to the landlord or towards a third party (called “rentowner”), who usually has no other legal interest in the real estate. In England it was applicable between 1290 and 1977. A synonym is “rentcharge”.

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