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rent

Last modified: Thu Feb 23 16:37:37 2006

Rent is the Consideration in the contract between Landlord and Tenant. Rent may be payable periodically (e.g., monthly), or may take the form of a `fine' (see: FinelandAndProperty), payable as a lump sum.

The nature of English contract law makes it difficult to support a contract with no consideration, and rent-free tenancies have often been problematic. Rent need not (in theory) be in the form of money to support the contract, but it must be of some value.

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