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Real Estate vocabulary · Renting & Tenancies

Rent

Meaning in real estate, with examples

/rent/nounCore term

In real estate, rent means: The money a tenant pays regularly, usually every month, to live in or use a property that belongs to someone else.

In Turkish: kira, kira bedeli

How it is used

Rent is also a verb: tenants rent a flat from a landlord, and landlords rent it out. People pay, raise, collect or fall behind on the rent. Homes are usually quoted per month; offices per square foot or square metre.

Example sentences

  1. The rent is 25,000 lira a month, plus bills.

  2. They fell two months behind on the rent.

  3. Rents in the business district have risen this year.

Common collocations

  • pay the rent
  • monthly rent
  • rent increase
  • fall behind on the rent
  • rent out
  • tenantA person or business that pays rent to live in or use a property owned by someone else, usually under a lease.
  • landlordA person or company that owns a property and rents it out to someone else in return for regular payments.
  • leaseA legal contract in which an owner lets a tenant use a property for a fixed period in return for rent, setting out the rights and duties of both sides.
  • rental yieldThe yearly rent from a property shown as a percentage of its price or value. A home worth 200,000 that earns 10,000 a year has a 5% gross yield.
  • security depositMoney a tenant pays at the start of a lease, held to cover unpaid rent or damage and returned at the end if everything is in order.

More terms: Renting & Tenancies

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