Rent

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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: Fineland and property), 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.

Land and Property Law