rack rent

noun — 2 senses

rack rent

noun
1

Law Formal The full rental value of a property, including both land and improvements, if it were subject to an immediate open market rent review.

2

Historical, Informal An excessive rent.

  • Number 10 was a prosperous-looking young Italian, Signor Tomelli, who possibly had plenty of money from rackrents in Milan and would probably play a dashing and foolish game. He might lose his temper and make a scene.1953, Ian Fleming, “The High Table”, in Casino Royale, London: Pan Books, published 1955, page 73:
Derived terms
rack-renter

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.