effective rent

Definition

The actual rental rate that the landlord achieves after deducting the concession value from the base rental rate a tenant pays.

Use effective rent in a sentence

My actual rent was $700.00 a month, but after my pet fee was added my effective rent became $750.00 a month.

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I wondered what the effective rent would be and it made everyone happy to know because they liked the landlord and wanted him to get paid.

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I spent the night crunching the numbers on the effective rent in order to better understand where I stood financially for the coming year.

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