236. Nature of rent.

Rent consists of the payments made by the tenant to the landlord for the exclusive possession of land or premises and any other corporeal hereditaments1. It need not consist of the payment of money but may consist in the render of chattels2, or the performance of services3. Rent which is payable not in money but by way of goods or services constitutes rent within the meaning of the Rent Acts, however, only if the parties to a tenancy otherwise subject to one of those Acts have quantified its value in terms of money4. Rent may not be reserved out