From Longman Business Dictionaryfair rentˌfair ˈrent [countable] British EnglishLAWPROPERTY the amount of rent thought to be fair or reasonable for someone to pay to live somewhere. In Britain, if the LANDLORD (=property owner) and TENANT (=person renting) cannot agree on an amount, this can be fixed by an official called a RENT OFFICER → rent
