rack-rent
/ˈrækˌrɛnt/
VERB
1. Charging an excessively high rent
To charge tenants an exorbitant or excessive amount of rent for the use of property.
1.1. Charging excessive rent for property
Demanding unusually high rental payments from tenants, often exploiting their need for accommodation or commercial space.
Synonyms
- overcharge
- exploit
- extort
- charge exorbitant rent
Antonyms
- undercharge
- subsidize
Examples
- The landlord was accused of rack-renting the apartments in the area.
- The new regulations were introduced to prevent property owners from rack-renting vulnerable tenants.