A fee charged to a holder of a permit or lease for the use of the land surface in the permit or lease area Rental rates may be specified in regulations but are more usually negotiated between the permit or lease holder and the Crown, in which case the rates are specified in the permit or lease Rents should reflect fair market value and are normally reviewable during the term of the permit or lease
If you rent something to someone, you let them have it and use it in exchange for a sum of money which they pay you regularly. She rented rooms to university students. Rent out means the same as rent. He rented out his house while he worked abroad He repaired the boat, and rented it out for $150
A certain periodical profit, whether in money, provisions, chattels, or labor, issuing out of lands and tenements in payment for the use; commonly, a certain pecuniary sum agreed upon between a tenant and his landlord, paid at fixed intervals by the lessee to the lessor, for the use of land or its appendages; as, rent for a farm, a house, a park, etc
The monthly amount charged to the tenant for the unit The maximum rent paid by the tenant may not exceed the maximum gross rent (see Table 1) minus the utility allowance, if any Rent does not include purely optional charges like garage rent
Earnings that can accrue to a unique factor of production in excess of the amount which that factor could earn in its next best alternative employment An example of this is the case of a trained doctor who can earn $100,000 per year If he could not earn his living practicing medicine, his next best alternative career, for example nursing, would earn him $24,000 per year His economic rent, therefore, is $76,000
That portion of the produce of the earth paid to the landlord for the use of the "original and indestructible powers of the soil;" the excess of the return from a given piece of cultivated land over that from land of equal area at the "margin of cultivation
Economic rent is due partly to differences of productivity, but chiefly to advantages of location; it is equivalent to ordinary or commercial rent less interest on improvements, and nearly equivalent to ground rent
the act of rending or ripping or splitting something; "he gave the envelope a vigorous rip" a regular payment by a tenant to a landlord for use of some property let for money; "We rented our apartment to friends while we were abroad" hold under a lease or rental agreement; of goods and services
Consideration paid for the occupancy and use of real property When a tenant is to be evicted the lessor must give 20 days notice to quit, then institute an unlawful detainer action and the court will order the sheriff to physically evict You will also get a judgment for back rent and damage to the property
as a verb, to obtain occupancy or use of another's property in return for regular payments Or, as a noun, payment made by a tenant at specified intervals in return for the right to occupy or use the property of another
Rent is the past tense and past participle of rend. see also ground rent, peppercorn rent. In common usage, payment made in return for the right to use property belonging to another. In classical economics, rent was the income gained from cultivated or improved land after the deduction of all production costs. In modern economic usage, rent is the difference between the total return to a factor of production (land, labour, capital) and its supply price, the minimum amount necessary to attain its services. Rent plus opportunity cost make up the total income paid to a productive resource. Efforts made by a resource owner to obtain monopoly profit is considered rent-seeking behaviour
[ 'rend ] (verb.) before 12th century. Confer the Old Norse hrinda (“to push, to thrust”) whence the Icelandic hrinda (“to push”) or ræna (“to plunder, to rob”) whence the Danish rane and Icelandic ræna (“to rob, to pillage”).
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