rent


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Rent

Regular payments to an owner for the use of some leased property.

Rent

A regular, usually monthly, payment that a person makes in exchange for the use of an asset he/she does not own. That is, rent is the payment on a lease. The term is most often used to refer to payments on a leased dwelling or other piece of real estate.

rent

the periodic payments made to the owners of ASSETS (for example, household and industrial premises, car hire) for the use of these assets. See LEASE, LEASING, LEASEBACK, INCOME.

rent

the periodic payments made to the owners of ASSETS for the use of their land or other assets as either FACTORS OF PRODUCTION or for consumption. In aggregate terms, rents are a source of income and they are included as a part of NATIONAL INCOME. See also ECONOMIC RENT, NATIONAL INCOME ACCOUNTS.

rent

Payment for the privilege of possessing space one does not own.
References in periodicals archive ?
Practice tip: The deductibility of rents between related parties is essentially determined by the facts and circumstances; thus, it is wise for the member and the LLC to build evidence at the onset of the lease to support the reasonableness of the rent called for in the lease agreement.
But, for several years, the CHA has had rent ceilings in place that were far lower than market rate prices.
The rent increases they've received in the past have been less than the Consumer Price Index .
In addition, since section 467 triggers recognition of income and deductions at a time unrelated to when rent is paid, the final regulations under section 467 may also provide planning opportunities.
A variation of the rent holiday is a graduated rent payment schedule, under which a tenant pays less rent in the first year(s) of a lease; each year thereafter, the rent increases.
18) The lease for Crown and clergy reserves was for twenty-one years and the rent was pre-set to rise at seven year intervals.
Contrary to common claims, ending rent control didn't initiate an inflationary spiral.
But as Rent hits the road, the proverbial question remains: Will it play in Peoria?
chairman and chief executive officer of Aaron Rents, Inc.
They contended, however, that Madison's conduct in repeatedly accepting late rent payments constituted a waiver of the rent payment provision of the lease that required payment to be made by the first of each month.
Los Angeles adopted rent control in 1979 but it only applies to the 550,000 rental units in 68,000 buildings that existed then.
A cash-method taxpayer generally may not deduct prepaid rent in the year paid because it is not an ordinary and necessary business expense for that year.