Gideon’s Dictionary: Rent
Every emperor, or prospective emperor, has to give the appearance of having “the common touch”. In view of the restricted background of our potential new emperor, I offer him a dictionary in the hope that studying it will help him understand the people he wishes to rule.
- (n) Payment made by tenant in exchange for temporary occupancy or use of an asset (usually a home) that the tenant is unable to own. Tenants often struggle to “pay the rent”, thereby rendering them insecure.
- (n – more obscure) A source of income to landowners. Often (particularly in relation to residential property especially Buy to Let) the rent received is small compared to the capital gain made from merely possessing the asset that the tenant is unable to afford.