Chief Rent

Business, Legal & Accounting Glossary

Definition: Chief Rent



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


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Modern Language Association (MLA):
Chief Rent. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 01, 2020 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: December 01, 2020).
American Psychological Association (APA):
Chief Rent. PayrollHeaven.com. Retrieved December 01, 2020, 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 | 1 Views.