Rack rent,
Definition of Rack rent:
Exact an excessive or extortionate rent from (a tenant) or for (a property).
US: Excessively high rent.
UK: Not less than two-thirds of the rent for which a premises is reasonably expected to be rented out from year to year, excluding applicable rates and taxes but including insurance and other expenses required to maintain it in the state to command such rent.
An extortionate or very high rent, especially an annual rent equivalent to the full value of the property to which it relates.
Synonyms of Rack rent
Big price tag, Extortionate price, Famine price, Fancy price, Good price, High price, Hot economy, Inflation, Inflationary gap, Inflationary pressure, Inflationary prices, Inflationary spiral, Luxury price, Pretty penny, Quitrent, Rent, Rent charge, Rent-roll, Rental, Rising prices, Scarcity price, Soaring costs, Spiraling prices, Stiff price
How to use Rack rent in a sentence?
- They rearranged their estates to create larger tenant farms on rack rents, with a decline in small yeomen farmers with customary tenure or freeholds.
- Hundreds of thousands of peasants who hate corruption, rack-renting, and foreign intervention.
Meaning of Rack rent & Rack rent Definition
