Rentable

Rentable refers to something that is capable of being leased or rented out for use in exchange for payment. This term commonly applies to properties like apartments, houses, or commercial spaces, but it can also describe tangible assets such as cars, equipment, or even intangible assets like software licenses or intellectual property. The degree to which something is Rentable depends on factors such as its condition, location, market demand, and legal and contractual considerations. A 'rentable' item offers a source of income for the owner and a temporary resource for the renter. Profitability is the primary drive, making sure that the price can cover the operating expenses.

Rentable meaning with examples

• The newly renovated apartment complex boasts several highly Rentable units, attracting numerous prospective tenants eager to sign a lease. Its modern design and prime location contribute to its appeal. The landlords projected healthy income and occupancy rates, demonstrating the value of their property. A well-maintained building is considered rentable. They are charging higher prices for the upper floors because of the scenic views, making sure to consider that they are getting their money's worth.
• The construction company acquired a fleet of Rentable heavy-duty equipment, including excavators, bulldozers, and cranes, to service various projects. Renting the equipment is more cost-effective than purchasing. This allowed the company to avoid significant capital investment. Its rental services are extended to smaller businesses who did not have the budgets for full scale machines. These are items that are always available for the next project in line, and help with budget control.
• The vacation home, located in a popular tourist destination, proved to be a highly Rentable asset, generating substantial income throughout the year through short-term rentals. During off-peak season, there are lower prices for potential guests. Its proximity to the beach and various attractions further enhances its appeal. This offers an alternative revenue stream for the owner while maximizing the asset's value. The home must be well-maintained, so the owner needs to have someone check the property.
• The company's software licenses were offered as Rentable subscriptions, allowing users to access the programs on a recurring basis instead of purchasing them outright. They provided regular updates, maintenance, and customer support. The flexibility of this model boosted subscription sign-ups and is designed to be more affordable than traditional licensing options. The revenue generation allowed for software improvements and new programs to be developed. This model creates more value and a great return.
• Before the new film was released, the film studio's marketing team considered that the movie would become a highly Rentable success story. They factored in the actors’ popularity, the engaging storyline, and the targeted audience. This included potential licensing to various streaming platforms and theaters. This assessment led to successful distribution plans and increased ticket sales. The projections are important so the studios can measure their ROI.