economic rent

1. Payment, usually of an amount fixed by contract, made by a tenant at specified intervals in return for the right to occupy or use the property of another.

2. A similar payment made for the use of a facility, equipment, or service provided by another.

The return derived from cultivated or improved land after deduction of all production costs.

The revenue yielded by a piece of land in excess of that yielded by the poorest or least favorably located land under equal market conditions. Also called economic rent.

To obtain occupancy or use of (another's property) in return for regular payments.

To grant temporary occupancy or use of (one's own property or a service) in return for regular payments: rents out TV sets.