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Business Definition for: rent
Dictionary of Finance and Investment Terms
rent

payment from a tenant to a building owner for use of the specified property. For example, an apartment dweller must pay monthly rent to a landlord for the right to inhabit the apartment. A commercial tenant in an office or store must pay monthly rent to the building owner for the use of the commercial space.

Dictionary of Marketing Terms
rent
See also list rental
Dictionary of Insurance Terms
rent
See also rent insurance
Dictionary of Real Estate Terms
rent

a charge for the use of space.

Example: Abel allows Baker to use property, provided that Baker pays $500 per month (Figure 164). The charge is rent.

8001038601-01

See also contract rent , economic rent
Dictionary of Business Terms
rent

  1. payment for the use of property.
  2. in economics, excess amount paid or earned over the minimum amount that would keep the activity in business.

Related Terms:
list rental

purchase of a list for one-time use. Most list rentals are delivered to the list user on Cheshire labels or in magnetic tape format. List rental agreements are arranged for the list owner by list broker Most lists are rented on a net name arrangement at a rate of about $50/thousand.

rent insurance

endorsement to an existing policy or a separate policy covering loss of rental income to the property owner, caused by the damage or destruction of a building, rendering it unrentable. The coverage applies whether or not the dwelling is rented at the time of loss. The insured can select a coinsurance requirement of 50%, 80%, or 100%. The higher the coinsurance amount, the lower the premium.

contract rent

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

economic rent

Appraisal: market rent. See also contract rent.
Economics: cost commanded by a factor that is unique or inelastic in supply. An example is the portion of rental income attributable to land, since the land will exist no matter what the rental rate. In this context, economic rent carries a connotation of being "unearned" by the owner.

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 Copyright c 2000, 1994, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
 Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
 Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
 Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
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