- rack-rent
- A rent of the full value of the tenement, or near it. Exorbitant rent which equals or exceeds the economic value of the property
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
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 — 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] * * * … Universalium
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
