Rent

Rent refers to the payment made by a tenant to a landlord for the use of property or land, typically in the context of residential or commercial rental agreements. rent can also refer to the act of leasing or letting property for a specified duration, often in exchange for regular payments. The term can be extended to other forms of remuneration for the use of a service or asset.

Rent meaning with examples

• After searching for months, Jane finally found an apartment she could afford to rent in her favorite neighborhood, making her daily commute to work much easier and more convenient.
• The city has numerous regulations governing how much landlords can increase rent each year, providing tenants with some security against sudden financial burdens.
• During the summer months, many families choose to rent a vacation home by the beach, enjoying a change of scenery and a break from their daily routine.
• When John decided to start a small business, he had to weigh the options between renting office space downtown versus working from home to save on overhead costs initially.
• The concept of rent is not limited to physical property; businesses also pay rent when they utilize professional services, such as software licenses, equipment, or coworking spaces.