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—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]
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Universalium. 2010.
rack-rent
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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 — ➔ 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 — [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
rack-rent|er — «RAK REHN tuhr», noun. 1. a person subjected to rack rent. 2. a person who exacts rack rent … Useful english dictionary
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
rack-rent — rack′ rent n. rent equal to or nearly equal to the full annual value of a property … From formal English to slang
rack 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… … Useful english dictionary
rack-rent — UK / US noun [countable/uncountable] Word forms rack rent : singular rack rent plural rack rents business rent that is unfairly high … English dictionary
