Rent Allowance
/ˈrɛnt əˌlaʊəns/
Definitions
- (n.) A financial benefit provided to tenants or employees to help cover rental housing costs, often established in lease agreements, employment contracts, or social welfare policies.
The employee received a monthly rent allowance to assist with housing expenses.
Forms
- rent allowance
Related terms
See also
Commentary
Often subject to specific terms regarding eligibility and duration; may be taxable depending on jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.