Definition, Meaning & Synonyms

rental-property

noun

/ˈrɛntəl ˈprɒpərti/

Definition

A rental property is a real estate asset that is leased or rented out to tenants in exchange for regular payments.

Examples

The couple invested in a rental property to generate passive income.
Managing a rental property requires understanding tenant rights and landlord responsibilities.
Before purchasing a rental property, it’s essential to research the local market conditions.

Meaning

A property specifically used to generate rental income, often consisting of single-family homes, multi-family units, apartments, or commercial spaces.