(in Britain) the rent for a private tenancy, fixed and registered by a rent officer, and based on the size, condition, and usefulness of the property, but not its scarcity value
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Words nearby fair rent
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Example sentences from the Web for fair rent
The League, however, could not prevent the farmers from using the fair-rent clauses.