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Simple English definitions for legal terms
foregift
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A quick definition of foregift:
Foregift: A payment made by a tenant to a landlord before the start of a lease. It can also refer to a premium paid for a lease in addition to the regular rent. In the past, it was common for tenants to pay a foregift when renewing a lease with an ecclesiastical corporation.
A more thorough explanation:
Foregift is a term used in history to describe a premium paid by a tenant for a lease in addition to the regular rent. It was also known as forehand rent.
One example of foregift was when an ecclesiastical corporation renewed a lease with a tenant, and the tenant had to pay an extra premium as a sign of goodwill. This was common in medieval times.
Another example of foregift was when a tenant paid rent before the lease began. This was also known as "rent in advance."
These examples illustrate how foregift was an additional payment made by a tenant to secure a lease. It was a way for landlords to ensure that their tenants were committed to the property and would take care of it.