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market rent

British

noun

(in Britain) the rent chargeable for accommodation, allowing for the scarcity of that kind of property and the willingness of tenants to pay

"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

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market rent

Rents can also only be increased once a year to the property's "open market rent".

From BBC ● Jul. 24, 2026

Related: ‘I will soon turn 65’: My son wants to live in my investment property for less than market rent.

From MarketWatch ● Jan. 14, 2026

Landlords also cannot evict a tenant if they owe rent that is less than a certain threshold called the fair market rent of the unit.

From Los Angeles Times ● Feb. 1, 2024

They found that hurricanes corresponded to higher eviction filings and eviction threats by inflating market rent the year of and one year after the hurricane.

From Science Daily ● Dec. 14, 2023

Stall′age, liberty of erecting stalls in a fair or market: rent paid for this liberty.—adj.

From Chambers's Twentieth Century Dictionary (part 4 of 4: S-Z and supplements) by Various

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023