Rent

What is rent?

Renting refers to the temporary use or occupation of someone else's property in exchange for payment (rent money). This agreement is typically used for houses, apartments, cars, or equipment. 

What is rental yield? 

Rental yield refers to the amount of income generated from renting out a property, usually expressed as a percentage of the property's value. For example, if a property is valued at $1M and generates $20,000 in rental income per year, the rental yield would be 0.02 or 2% ($20,000/$1,000,000). 

Rental yield helps investors assess the potential income-generating ability of a property relative to its cost. 

How often is rent paid? 

Rent is typically paid on a regular basis, usually weekly, fortnightly or monthly. This arrangement can typically be negotiated between the landlord and tenant before the lease term.