Rack Rent


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Rack Rent

1. The total amount the owner of property should be able to make from the rental of his/her property. The rack rent is especially important if the property has already been rented and the owner is bound to collect potentially lower rent. The rack rent is the same as the market rent.

2. Excessive rent.
References in periodicals archive ?
Broad says that for Sir Ralph, "[a]s in the true definition of rack rent, market forces alone determined the level .
Certainly, rack rents "reflected a desire to assume [more] direct control of their estates", as did using more tightly drawn lease contracts, the employment of professional stewards, and the introduction of DEB [Turner, Beckett and Alton, 1997, p.