rack-rent
1Rack-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 …
2rack 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… …
3rack 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.… …
4rack-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] * * * …
5Rack-rent — v. t. To subject to rack rent, as a farm or tenant. [1913 Webster] …
6rack-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 …
7rack-rent|er — «RAK REHN tuhr», noun. 1. a person subjected to rack rent. 2. a person who exacts rack rent …
8Rack-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] …
9rack-rent — rack′ rent n. rent equal to or nearly equal to the full annual value of a property …
10rack rent — noun an extortionate rent • Hypernyms: ↑rent * * * noun Etymology: rack (IV) : a rent equal or nearly equal to the full annual value of the property : an excessive or unreasonably high rent * * * 1. n. an extortionate or very high rent, esp. an… …
