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.
Published: 11 November 2013
Last Updated: 30 November 2021