Rents, Issues, and Profits of an Estate Law and Legal Definition
Rents, issues, and profits of an estate refer to the income or net income from land or an estate therein. It is the total income or profit arising from the ownership or possession of property.
The following are examples of case law referring to rents, issues, and profits of an estate:
The rents and profits of an estate, the income or net income of it, are all equivalent expressions. [People ex rel. Farnum v. San Francisco Sav. Union, 72 Cal. 199, 203 (Cal. 1887)].
The rents, issues, and profits of real estate, leased for life or years, shall be liable to be taken on execution. [Bruce v. Thompson, 26 Vt. 741, 747 (Vt. 1854)].
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- Rents, Issues, and Profits of an Estate
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