Rent

Self-Help

1) to hire an object or real property for a period of time (or for an open-ended term) for specified payments. 2) the amount paid by the renter and received by the owner. rent may be specified in a written lease, but also may be based on an oral agreement for either a short period or on a month-to-month basis in which the hiring may be terminated on a month’s notice.

Was This Term Helpful?

0 out of 0 found this helpful

Still got a question or concern?

Click here to contact us or go back to the main Glossary page.