Definition, Meaning & Synonyms

rental-fee

noun

/ˈrɛn.təl fi/

Definition

The amount of money charged for renting an asset, such as property, equipment, or a vehicle.

Examples

The monthly rental fee for the apartment is $1,200.
Many factors affect the rental fee of commercial properties, including location and size.
Before signing the lease, ensure you understand the rental fee and any potential increases.

Meaning

A rental fee is the price a tenant agrees to pay to a landlord or property owner for the use of real estate, or the cost associated with leasing equipment or vehicles for a specific period.