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1. [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
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rented UK US /ˈrentɪd/ adjective► PROPERTY used to describe something that is used by someone who pays rent: »rented accommodation
»a rented property
Financial and business terms. 2012.