Last Updated
:2025/11/20
rack rent
Noun
countable
formal
uncountable
historical
informal
Japanese Meaning
(法的、公式な意味)土地および建物(改善物)の即時市場賃貸評価に基づく物件の全面的な賃料 / (主に歴史的、非公式な意味)異常に高い、過剰な賃料
( plural )
Quizzes for review
(law, formal) The full rental value of a property, including both land and improvements, if it were subject to an immediate open market rent review. / (chiefly historical, informal) An excessive rent.
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rack rent
Under the lease, any renewal would require the tenant to pay the rack rent, reflecting the full rental value of the property, including both land and improvements, as if subject to an immediate open-market rent review.
See correct answer
Under the lease, any renewal would require the tenant to pay the rack rent, reflecting the full rental value of the property, including both land and improvements, as if subject to an immediate open-market rent review.
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