rental income
nounUK /ˈrɛntəl ˈɪnkʌm/
US /ˈrɛntəl ˈɪnkʌm/
Money you get when you let someone pay to use something you own.
The landlord uses the rental income from the apartments to pay for repairs.
OTHER MEANINGS
2. Money earned from renting out equipment or vehicles rather than property.
The company's rental income from its fleet of vans grew last year.
3. In accounting, the revenue account that records payments received from tenants.
Rental income is reported as a separate line on the income statement.
4. Passive earnings a person receives from letting a spare room or second home.
She counts the rental income from her beach house as extra savings.