rent
rent
- n a payment or series of payments made by the lessee to an owner for use of some property, facility, equipment, or service
- n an opening made forcibly as by pulling apart
- n the return derived from cultivated land in excess of that derived from the poorest land cultivated under similar conditions
- n the act of rending or ripping or splitting something
- v let for money
We rented our apartment to friends while we were abroad - v grant use or occupation of under a term of contract
- v engage for service under a term of contract
Let's rent a car - v hold under a lease or rental agreement; of goods and services
- v tear or be torn violently
- Price-rent ratio is the quick and dirty way of doing it but that also makes it more accessible.
- An old trick of the real estate trade is price-rent ratio, sort of the property equivalent of a stock's price-earnings ratio.
- A reader has asked me to link to this article about what price-rent ratios are telling us about the state of the housing market.