Rent

  • This can be money or “consideration” (moneys’s worth).
  • Should a tenant offer to pay rent by renovating a property a landlord can accept such service in full or part consideration and is legal tender. This is a bit like barter.
  • In a court of law a judge will accept consideration as valid payment if this is what was agreed by both parties.
  • Such agreements should ideally be formalised in writing and signed by the parties in the event of subsequent dispute.

What are your thoughts?

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