Definition

A periodic payment made by a tenant to a landlord in exchange for the right to occupy a property, typically a house or apartment. Can also mean a tear or split in material.

Example Usage

My rent is due on the first of every month.

Origin

From Old French 'rente,' meaning income or revenue; ultimately from Latin 'rendita' (yielded).

Fun Fact

The concept of rent dates back millennia, but the modern rental market really took off during industrialization when urban populations needed temporary housing.

Source: Definition backfill (hailey)

Related Terms