rack-renting
/ˈrækˌrɛntɪŋ/
VERB
1. Charging excessively high rent
The act of charging tenants an exorbitant or excessive amount of rent for the use of property.
1.1. Demanding excessive rental payments
Charging tenants unusually high rent for residential or commercial property, often taking advantage of their need for accommodation or premises.
Synonyms
- overcharging
- exploiting
- extorting
- charging exorbitant rent
Antonyms
- undercharging
- subsidizing
Examples
- The property owner was accused of rack-renting tenants in the city center.
- The authorities introduced measures to prevent landlords from rack-renting vulnerable households.