Chief Rent

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Definition: Chief Rent

Chief Rent
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Full Definition of Chief Rent

Chief Rent is a small sum of money in rent payable by the owner of a freehold property to the Lord of the Manor (yes, really!). In the past Chief Rent was payable indefinitely but may now be redeemed by a lump sum payment.

It’s similar to the ground rent payable by a leaseholder.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/chief-rent/
Modern Language Association (MLA):
Chief Rent. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/chief-rent/.
Chicago Manual of Style (CMS):
Chief Rent. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/chief-rent/ (accessed: April 19, 2024).
American Psychological Association (APA):
Chief Rent. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/chief-rent/

Definition Sources

Definitions for Chief Rent are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020 | 0 Views.