rental expense
nounUK /ˈrɛntəl ɪkˈspɛns/
US /ˈrɛntəl ɪkˈspɛns/
Money you pay to use something that belongs to someone else.
The family's biggest monthly rental expense is their apartment.
OTHER MEANINGS
2. The cost of renting equipment or a vehicle for business use.
The company recorded the car rental expense under travel costs.
3. A regular payment made for the right to occupy a property.
Rental expense for the office went up after the new lease was signed.
4. Money spent on renting items instead of buying them.
Party planners often forget to include the table rental expense in their budget.