contract rent

Dictionary of Business Terms for: contract rent
contract rent

amount of rent that has been set forth in a contract. Contrast with economic rent.

Dictionary of Real Estate Terms for: contract rent
contract rent

the amount of rent that has been set forth in a contract. Contrast with economic rent.

Example: Abel signs a lease requiring rent payments of $1,400 per month. The contract rent is $1,400 per month.

Copyright (c) by Barron's Educational Series. Reprinted by arrangement with the publisher of this site.