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  3. Law: Contract(s)

rent

English translation: TO someone

13:30 Jul 7, 2009
English language (monolingual) [PRO]
Law/Patents - Law: Contract(s)
English term or phrase: rent
Main terms for the purchase of XXX resort with rental agreement

A non-refundable reservation fee of 1000 $ is required to hold a unit.

On signing of the Private Purchase Agreement the purchaser pays 30% deposit and a further 10% within six months of the reservation date.
The anticipated completion date is 2011.
The annual rental return each year will be 4000$ gross. The purchaser is responsible for any taxes that may fall due in respect of renting the property
The guaranteed rental period is 2 years
The rent will be paid monthly in arrears
After the guaranteed 2 year rental period a rental program based on shared revenue will be offfered.

Does "rent", "rental", "renting" ect mean that the purchaser rents the premises FROM someone or TO someone?
ZenonStyczyrz
Local time: 03:18
Selected answer:TO someone
Explanation:
:)

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Note added at 8 mins (2009-07-07 13:38:57 GMT)
--------------------------------------------------

The keyword in the above is "The purchaser is responsible for any taxes that may fall due in respect of renting the property". This means that the purchaser is liable to pay any taxes which arises from the rent, which is considered an income to the purchaser. If the purchaser rents the premises FROM someone, why should he pay the taxes for paying rent to the owner?
Selected response from:

Yasutomo Kanazawa
Japan
Local time: 10:18
Grading comment
thank you
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +9TO someone
Yasutomo Kanazawa
4rent - specified by prepositional use
Michael Powers (PhD)


  

Answers


4 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
rent - specified by prepositional use


Explanation:
Neither. Just as you wrote, if you want to know who is renting it to someone else, that is, the landlord or a subcontractor, the preposition is used: "rent to ..." and or "rent from" when the tenant.

Mike :)

Michael Powers (PhD)
United States
Local time: 21:18
Specializes in field
Native speaker of: English
PRO pts in category: 16
Login to enter a peer comment (or grade)

2 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +9
TO someone


Explanation:
:)

--------------------------------------------------
Note added at 8 mins (2009-07-07 13:38:57 GMT)
--------------------------------------------------

The keyword in the above is "The purchaser is responsible for any taxes that may fall due in respect of renting the property". This means that the purchaser is liable to pay any taxes which arises from the rent, which is considered an income to the purchaser. If the purchaser rents the premises FROM someone, why should he pay the taxes for paying rent to the owner?


Yasutomo Kanazawa
Japan
Local time: 10:18
Specializes in field
Native speaker of: Native in JapaneseJapanese
PRO pts in category: 8
Grading comment
thank you

Peer comments on this answer (and responses from the answerer)
agree  Stanislaw Czech, MCIL CL
1 min
  -> Thank you Stanislaw
agree  Derek Gill Franßen: It tends to read like an object that is being purchased and can then be rented out to others.
8 mins
  -> Thank you Derek, for your comment. Yes, I agree that it can be rented out to others.
agree  airmailrpl: -
29 mins
  -> Thank you airmailrpl
agree  zax
2 hrs
  -> Thank you zax
agree  Tina Vonhof (X): and with Derek.
3 hrs
  -> Thank you Tina
agree  Tony M
8 hrs
  -> Thank you Tony
agree  Demi Ebrite
10 hrs
  -> Thank you Demi
agree  eski: Makes alot of sense; saludos :))
1 day 10 hrs
  -> Thank you eski; saludos :-)
agree  Richard C. Baca, MIM
2 days 9 hrs
  -> Thank you R.C.
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