Legal Definitions - guild rent

Definition: Guild rent is a type of rent payable to the Crown by a guild. Rent is a consideration paid, usually periodically, for the use or occupancy of property, especially real property.

Example: In medieval times, guilds were associations of merchants and craftsmen who controlled the trade in a particular town or city. They paid guild rent to the Crown for the right to operate their businesses and use the land.

This example illustrates how guild rent is a specific type of rent paid by guilds to the Crown for the use of land.