Legal Definitions - bail-à-rente

Definition: Bail-à-rente is a type of lease in perpetuity. It is a renewable lease for a term of years that the lessee may prolong indefinitely.

Example: In Canadian law, a farmer may lease land from the government on a bail-à-rente basis. This means that the farmer can use the land for as long as they want, as long as they pay the rent.

Explanation: The example illustrates how bail-à-rente works in practice. The farmer is able to use the land for an indefinite period of time, as long as they continue to pay the rent. This type of lease is beneficial for farmers who want to invest in their land and make long-term improvements, as they have the security of knowing they can use the land for as long as they want.