rack rent

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  • noun

Words related to rack rent

an extortionate rent

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References in periodicals archive ?
To date 32 of the units have been occupied by way of either premium or rack rent leases at very competitive rates and we are continuing to receive strong interest in the last remaining units which comprise 1200 and 1335 sq ft.
In most rack rent leases the tenant is obliged to pay rent and service charge (plus VAT where appropriate) in MODERN UNITS TO LET Ind.
Well, there are many experienced operators in the North East and North West, in cities, towns and villages whose businesses are performing extremely well and some of those are leaseholders who are paying high rack rents.