rent-rack

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• rack rent — ➔ rent2 * * * rack rent UK US noun [C] PROPERTY ► a rent that is agreed between the owner of a property and the person renting it, rather than being fixed or controlled by law: »The terms of the lease may prohibit letting except at a rack rent.… …   Financial and business terms

• Rack-rent — v. t. To subject to rack rent, as a farm or tenant. [1913 Webster] …   The Collaborative International Dictionary of English

• Rack-rent — (r[a^]k r[e^]nt ), n. A rent of the full annual value of the tenement, or near it; an excessive or unreasonably high rent. Blackstone. [1913 Webster] …   The Collaborative International Dictionary of English

• rent — Regular payments to an owner for the use of some leased property. Bloomberg Financial Dictionary * * * ▪ I. rent rent 2 noun PROPERTY 1. [countable, uncountable] money paid for the use of a house, office etc: • Commercial rents have decreased… …   Financial and business terms

• rack — 1. n. & v. n. 1 a a framework usu. with rails, bars, hooks, etc., for holding or storing things. b a frame for holding animal fodder. 2 a cogged or toothed bar or rail engaging with a wheel or pinion etc., or using pegs to adjust the position of… …   Useful english dictionary

• rent — A payment for the use of land, usually under a lease The most usual kinds are ground rent and rack rent. Rack rent is paid when no capital payment (premium) has been made for the lease and the rent therefore represents the full value of the land… …   Big dictionary of business and management

• Rack-rent — denotes two different concepts: # an excessive or extortionate rent, or # the full rent of a property, including both land and improvements.The second definition is equivalent to the economic rent of the land plus interest on capital improvements …   Wikipedia

• rack rent — A rent which is kept to an open market level during the period of a lease by rent reviews at regular intervals, usually three or five years. This usually means that the tenant obtains little inherent value in the lease because the rent does not… …   Law dictionary

• rack-rent — rack renter, n. /rak rent /, n. 1. Also, rack rent. rent equal to or nearly equal to the full annual value of a property. v.t. 2. to exact the highest possible rent for. 3. to demand rack rent from. [1600 10] * * * …   Universalium

• rack-rent — [rak′rent΄] n. [ RACK1, vt. 4 + RENT1] an excessively high rent; esp., a rent whose annual amount is equal, or almost equal, to the value of the property vt. to exact rack rent from …   English World dictionary