Definition

Noun: * Income from Leased Assets: Money received as payment for the temporary use of a property, item, or asset owned by the payer. This is typically regular income from tenants or lessees.

Usage

"Rental income" is an uncountable noun used to describe the revenue stream generated by leasing out assets. It is a key term in finance, real estate, and personal accounting. * It is reported as income on tax returns and financial statements. * It is generated from properties (like apartments, houses, commercial buildings) or items (like cars, equipment). * It is often discussed in terms of being passive income.

Examples

• The company's rental income from its commercial properties increased by 10% this quarter.
• She uses her rental income to cover the mortgage on the apartment building.
• You must declare all your rental income to the tax authorities.
• The steady rental income provides a reliable financial cushion.

Advanced Usage

• Gross vs. Net Rental Income: "Gross rental income" is the total income received before expenses. "Net rental income" is the amount remaining after subtracting operating expenses, taxes, and maintenance costs.
  • Example: After accounting for repairs and property management fees, the net rental income was significantly lower.
• Portfolio Income: In investment terminology, rental income is often categorized as portfolio or passive income, distinguishing it from earned income (like a salary).

Variants and Related Words

• Rent (n./v.): The payment made by a tenant; the act of paying for temporary use.
• Lease Income (n.): A synonym often used in commercial contexts for income from lease agreements.
• Lesseor (n.): The person or entity that grants a lease and receives rental income.
• Tenant (n.): The person or entity that pays rent.

Synonyms

• Lease revenue
• Lettings income

Related Phrases

• Rental yield: A percentage calculated by dividing the annual rental income by the property's value, used to measure return on investment.
  • Example: Investors look for properties with a high rental yield.
• Rental agreement/lease: The contract that stipulates the terms for generating rental income.

Noun

1. income received from rental properties