pactional rent

noun

Scots law
: penal rent or liquidated damages stipulated to be paid by a tenant for any breach of the conditions of a lease

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Cite this Entry

“Pactional rent.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/pactional%20rent. Accessed 21 Dec. 2024.

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