Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “rack rent”

rack rent

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. It is important to ascertain if any rent free period is to include not only the rack rent but also service charges and/or insurance premiums.
US an unfairly high level of rent
(Definition of rack rent from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of rack rent?
Add Cambridge dictionaries to your browser to your website

Word of the Day

flair

natural ability to do something well

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More