MONTHLY RENTAL Meaning and
Definition
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Monthly rental refers to a contractual agreement that allows an individual or organization to occupy a property for a specified period of time, usually one month, in exchange for a regular payment. It pertains to the amount of money a tenant pays to a landlord or property owner on a monthly basis as compensation for the use and enjoyment of the premises.
In the context of housing, a monthly rental typically applies to apartments, houses, condominiums, or other residential properties that are available for lease. The cost of the monthly rental is determined by various factors such as location, size, amenities, and property demand. It covers the basic use of the property, including living arrangements and access to common areas if applicable.
The term "monthly rental" implies a recurring payment that is expected to be made every month over the duration of the lease agreement, typically expressed in written form. The tenant is obliged to pay their monthly rental on time as stipulated in the lease agreement, and failure to do so may result in penalties and potential eviction.
Monthly rentals are popular among individuals and families seeking accommodation for a limited time or those not interested in the long-term commitment of buying a property. It provides flexibility and can accommodate shifting living situations or temporary arrangements.
Common Misspellings for MONTHLY RENTAL
- nonthly rental
- konthly rental
- jonthly rental
- minthly rental
- mknthly rental
- mlnthly rental
- mpnthly rental
- m0nthly rental
- m9nthly rental
- mobthly rental
- momthly rental
- mojthly rental
- mohthly rental
- monrhly rental
- monfhly rental
- monghly rental
- monyhly rental
- mon6hly rental
- mon5hly rental
- montgly rental
Etymology of MONTHLY RENTAL
The word "monthly rental" is a compound term made up of two components: "monthly" and "rental".
The term "monthly" derives from the Middle English word "monethly", which came from the Old English "monathlic" meaning "month by month". The Old English word "monath" itself came from the Proto-Germanic word "*mēnōth-", which is linked to the Proto-Indo-European word "*me(n)ses-", meaning "moon" or "month". This root is also seen in Latin "mensis" and Greek "mēn".
The word "rental" comes from the Middle English noun "rental" or "rentale", which refers to "a rent roll, list of rents".
