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English definition of “rent”

rent

noun [C or U]
 
 
/rent/
PROPERTY, COMMERCE an amount of money that you pay for the use of something, especially that you pay regularly for the use of a room, house, office, etc. that someone else owns: a fair/high/low rent annual/monthly rent commercial/office rentspay (the) rent The company is renegotiating its finances after struggling to pay the rent on its properties.charge/collect rent Managing the property generally means collecting rent and carrying out maintenance.
US COMMERCE →  rental noun: You will pay no line rent on this phone deal.
for rent offered by the owner for someone else to use in exchange for money: The restaurant was open 24 hours a day and also had rooms for rent.
→ See also ground rent, net rent, peppercorn rent, rack rent
(Definition of rent noun from the Cambridge Business English Dictionary © Cambridge University Press)
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