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rent

1) v. to hire an object or real property for a period of time (or for an open-ended term) for specified payments. 2) n. the amount paid by the renter and received by the owner. Rent may be specified in a written lease, but also may be based on an oral agreement for either a short period or on a month-to-month basis in which the hiring may be terminated on a month's notice.

See also: lease  month-to-month 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications

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