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fair rent
From Longman Business Dictionary
fair rent
ˌfair ˈrent
[
countable
]
British English
LAW
PROPERTY
the
amount
of
rent
thought to be
fair
or
reasonable
for someone to pay to live somewhere. In Britain, if the
LANDLORD
(=
property
owner
) and
TENANT
(=person renting) cannot
agree
on an amount, this can be
fixed
by an
official
called
a
RENT
OFFICER
→
rent
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