Question 19 of 26
Q.Write a short note on: Contract rent
Yanam BieapBIEAP AP Intermediate (1st Year) Commerce Board 2020Subjective· 2mImportance★★★★★est
73% · 19/26 Questions
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Start your 14-day free trial to unlock the full solution →Contract rent is the rent actually paid by a tenant to a landlord under an agreement (contract) for the use of land or property over a stated period. It is the market payment settled between the two parties and may be more or less than the pure economic rent of the land.
Meaning
Contract rent is the amount of rent that a tenant agrees to pay to the owner (landlord) for the use of land, a building or other property, as fixed by a contract between them for a given period.
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