Rental Rate
/ˈrɛn.təl reɪt/
Definitions
- (n.) The amount charged for leasing or renting property or equipment for a specified period.
The rental rate for the apartment is $1,200 per month.
- (n.) The periodic payment stipulated in a lease agreement payable by the lessee to the lessor.
The lease contract specifies an annual rental rate payable in monthly installments.
Forms
- rental rates
Related terms
See also
Commentary
Rental rate typically denotes the monetary amount agreed for use of property; drafting clarity on period and basis of calculation avoids disputes.
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.