rack rent

• Renta de la tierra o propiedad fijada en su nivel más alto posible, a menudo excesivamente alta u opresiva, que el mercado pueda soportar; históricamente se refería a la renta total pagada por un arrendatario, en contraste con una renta justa o nominal.

An excessively high or extortionate rent, typically set at the maximum amount the market will bear, often used historically in the context of land or property rental.

1. Excessive or full rentC2formalbritish

   A rent that is equal to the full annual value of the property, often considered exorbitant or the highest possible.

   renta completa o excesiva

   • The landlord demanded a rack rent for the small apartment.
   • In the 19th century, tenants often struggled to pay rack rent.
   • The court ruled that the rent was a rack rent and reduced it.