Legal Definitions - pernor of profits

A pernor of profits is a person who receives the profits of a property. They are the ones who have the right to enjoy the benefits of the property's profits.

For example, if a person owns a rental property but does not have the time or resources to manage it, they may hire a pernor of profits to collect the rent and manage the property. The pernor of profits would receive a percentage of the profits as compensation for their services.

In medieval times, a lord might grant a pernor of profits the right to collect taxes or tolls from a particular area. The pernor of profits would keep a portion of the profits and give the rest to the lord.

The examples illustrate how a pernor of profits is someone who receives the profits of a property or area. They are responsible for managing the property or collecting profits and are compensated for their services. In both examples, the pernor of profits receives a portion of the profits as payment for their work.