- rent
- Regular payments to an owner for the use of some leased property. Bloomberg Financial Dictionary
* * *
1. [countable, uncountable] money paid for the use of a house, office etc:• Commercial rents have decreased significantly over the last few years.
the amount of rent thought to be fair or reasonable for someone to pay to live somewhere. In Britain, if the landlord (= property owner) and tenant (= person renting) cannot agree on an amount, this can be fixed by an official called a rentˈground rent [countable, uncountable] PROPERTYa sum of money paid to the person who owns the land on which a rented building stands:• a bill for ground rent going back fifteen years
the amount received by the owner of a rented property after taking off costs such as taxes, insurance, electricity etc:• Her client has signed a 20-year lease yielding $170,000 in net rent a year.
a very small amount of money, paid to show that there is an official contract between the owner and the person using a building, piece of land etc:• The land will then be leased to the council at a peppercorn rent.
an amount of money for renting a house, office etc that is not fixed or controlled by law, but is agreed between the person owning the property and the person renting it. In the US, this expression is used to talk about unfairly high rent charged for a property:• The property was sub-let to tenants at rack rents.
2. for rent available to be rented:• There is a lack of affordable housing for rent.
[m0] ▪ II. rent rent 1 [rent] verb1. [intransitive, transitive] PROPERTY to pay a regular amount of money for the use of something such as a house or office:• The company had been renting for seven years before buying a 13,000-square-foot headquarters.
• Businesses can rent PCs to alleviate peak workloads.
rent something from somebody• Who do you rent the shop from?
2. [transitive] also rent something → out COMMERCE to allow someone to use something in return for payment:• video stores that rent Nintendo games
• the lucrative business of renting out trailers and trucks
rent something to somebody• A New York dealer rented an Avis car to an unauthorized driver.
• Many people trying to sell their second homes have decided to rent them out to tourists instead.
3. [transitive] especially AmE COMMERCE to pay money for the use of something owned by someone else for a short period of time; = hire Bre:• Travelers prefer to rent cars with low mileage.
4. [intransitive] PROPERTY if a house, office etc rents at or rents for a particular amount of money, that is how much it costs to use it:• The new units are renting for £350 a month or less.
— rented adjective [only before a noun] :• living in rented accommodation
* * *
Ⅰ.rent UK US /rent/ noun [C or U]► PROPERTY, COMMERCE an amount of money that you pay for the use of something, especially that you pay regularly for the use of a room, house, office, etc. that someone else owns: »a fair/high/low rent
»annual/monthly rent
»commercial/office rents
pay (the) rent »The company is renegotiating its finances after struggling to pay the rent on its properties.
charge/collect rent »Managing the property generally means collecting rent and carrying out maintenance.
→ See also GROUND RENT(Cf. ↑ground rent), NET RENT(Cf. ↑net rent), PEPPERCORN RENT(Cf. ↑peppercorn rent), RACK RENT(Cf. ↑rack rent)Ⅱ.rent UK US /rent/ verb► [I or T] PROPERTY to pay a fixed amount of money regularly for the use of a room, house, office, etc.: »Researchers said there was a growing divide between the home-owning majority and people who rent.
»Regardless of the boom in UK property prices, it is still cheaper to buy rather than rent a house.
rent sth from sb »She has been renting an apartment from a private landlord through a letting agent.
»A surprising number of storage units are rented by salesmen.
► [T] (also rent sth out) PROPERTY to receive an amount of money from somebody for the use of something, especially a room, house, office, etc. that you own: rent sth to sb »She runs a commercial real estate company that rents office space to businesses.
rent sth for sth »She rents out one of her rooms to students.
»He renovated the three-storey building and rents it out as apartments.
»Each of these centres rents out farm machinery to local farmers at low cost.
► [T] (UK USUALLY hire) COMMERCE to pay to use something for a short period of time: rent a car/an automobile »I rented a car at Millennium Park and headed off to explore the island.
► [I] US PROPERTY to be available for someone to use for a particular amount of money: rent at/for sth »The rooms rented at a premium of $25 to $35 over regular rates.
rent for sth »Rooms that regularly rent for $59 a night suddenly cost $300 a night.
Financial and business terms. 2012.
