sublet; fixed-rent farming; charter
Meanings
3 senses · 7 examplesverb
to rent property in order to sublet
Implies an intermediary who rents from the owner and re-rents to a third party, often at a profit.
He rented ten apartments from the landlord in order to sublet them to college students at a higher price.
This company specializes in leasing commercial office buildings in order to sublet them to small businesses.
noun
fixed-rent system in farming (regardless of harvest yield)
technicalHistorical agricultural term describing a tenancy system where the tenant pays a fixed rent regardless of whether the harvest is good or bad, bearing all the risk.
In the old society, landlords exploited farmers using the fixed-rent system, collecting fixed rent regardless of whether the harvest was good or bad.
The fixed-rent system differs from the sharecropping system; in the former, the risk is entirely borne by the tenant farmer.
verb
to charter; to rent exclusively for a period
Implies exclusive use of a vehicle, vessel, or venue for a specific period, often with a driver or crew included.
Our company chartered a large bus to transport employees to and from work.
They chartered a yacht to go out to sea for recreation.
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This restaurant was privately reserved to hold a wedding.