What is rent? This is income

The word "rent", which in German means "return", has several meanings.

In particular, in the economy, rent is a continuous, constant indexed income that is paid from capital, land or other property.

One person is considered to be a recipient of rent. This person transfers his property to the property of someone called the payer of rent. The transaction, which is concluded by the parties, takes into account the duty of the payer to systematically transfer money to the recipient or provide other funds for its maintenance.

Rent is a one-sided contract. The recipient of the rent immediately after the transfer of his property to the ownership of another, reserves the right, but does not bear any obligations.

The payer of the same rent after the conclusion of the transaction receives the right to dispose of property provided for by law. He can really possess property, benefit from such use, dispose of property at will (for example, to give).

The civil legislation of the Russian Federation distinguishes various types of rents.

Permanent, when the rights to own property are transferred by inheritance or in the order of succession. Such a rent is paid indefinitely. Its recipients may be organizations, some legal entities or individuals. An obligatory condition for such a rent is payments that must follow at strictly defined intervals, for example, once a month or quarter. Permanent payments are terminated only if the payer buys out the rent.

Life annuity is an agreement beneficial to all parties. The recipient transfers his housing (or other property) to the payer, for which he is obliged to keep the recipient to death, to provide him with the services stipulated in the transaction or to pay fixed sums of money. Property becomes the property of another person (payer) only after the death of the recipient. Alienation of property can be free (when only rent is taken into account) or paid (an additional amount is paid to the rent). It is important: the size of the rent must be at least 1 minimum monthly wage per month and be constantly indexed.

Lifetime maintenance with dependency implies the transfer of only real estate. The payer can use the property of the recipient only in two cases: either with his written consent, or after his death. Such a rent implies that the payer will keep the payee, pay for his needs, care, etc. Sometimes all this is replaced by a sum of money.

The loss, destruction, destruction or damage of the property stipulated in the contract, not through the fault of the recipient, is not an excuse for terminating the contract: it will remain valid. Therefore payers should be careful: they risk getting enormous damage.

Such a contract shall be terminated either by mutual agreement of the parties or in the event of non-fulfillment of its terms.

There is the concept of ground rent. Land rent is the amount that must be paid for the lease or use of limited resources, or the income that the owner of the land receives from its tenants.

In feudal society, there was labor rent, a natural rent (food rent), cash payments.

Today, there are such types of land rent:

Absolute, which is paid by the tenant for all plots, regardless of their use and fertility.

Differential, obtained due to the latest technologies, positively affecting productivity and, as a result, yield and total revenue. If the land is highly fertile, the first type of such rent is formed, and if large investments are needed - the second type.

Monopoly - a separate type of land rent. It is paid or obtained when selling (buying) fixed types of agricultural products at a monopoly price, significantly exceeding their average cost.

Rent owners can receive for the use of land on which enterprises are located, there is mining, etc. In this case, differential rent is more often .