Definition

1. Noun:

   • The act of paying for the use of property: The payment made for the temporary use of something like an apartment, house, car, or equipment.
   • Property available for rent: An item or property, such as a car, apartment, or tool, that is offered for temporary use in exchange for payment.

2. Adjective:

   • Relating to rent: Pertaining to the payment made for the use of property or goods.
   • Available for rent: Describing something that can be leased or hired for temporary use.

Examples

• Noun:

  • The monthly rental for the apartment is quite high.
  • The company has a large fleet of car rentals.

• Adjective:

  • We signed a rental agreement for the house.
  • I need to find a rental car for my trip.

Advanced Usage

• "Gross rental": The total rental income before any expenses (like taxes or maintenance) are deducted.

  • The property's gross rental was impressive, but net income was lower after costs.

• "Rental yield": A measure of the return on an investment property, calculated as the annual rental income divided by the property's value.

  • Investors often look for properties with a high rental yield.

Variants and Related Words

• Rent (n/v): The payment made for the use of property (noun), or the act of paying for its temporary use (verb).

  • We pay our rent on the first of the month. (noun)
  • They decided to rent a cottage for the summer. (verb)

• Renter (n): A person who pays rent to use property; a tenant.

  • The renter reported a leak to the landlord.

• Rentable (adj): Suitable or available for renting.

  • The newly renovated units are now rentable.

Synonyms

• Lease (n/v): A contract for the use of property for a specified period in return for payment.
• Hire (n/v): The act of paying for the temporary use of something, especially common in British English for vehicles and equipment.

Related Phrases

• Rental income: Money received from renting out property.

  • Her rental income covers the mortgage payment.

• Rental period: The length of time for which something is rented.

  • The standard rental period for the equipment is one week.

Idioms

• "For rental": Available to be rented. This is a common phrase used in advertisements.
  • Apartment for rental in city center.

Adjective

1. of or relating to rent
   • rental agreement
   • rental charges
2. available to rent or lease
   • a rental car

Noun

1. the act of paying for the use of something (as an apartment or house or car)
2. property that is leased or rented out or let