Rent
Definition
Rent is the amount paid by a tenant in exchange for use of a dwelling. Rent does not include additional property charges, which are intended to cover a number of expenses borne by the tenant and related to the consumption of water and energy, use of the lift, collective heating if applicable, a proportion of maintenance and repair costs for the shared parts of the building, domestic refuse collection tax, etc.
Note
For private sector housing, the rent may be revised each year within the limits of the annual variation in the rent reference index (IRL), the index that replaced the construction cost index (ICC) when it came into force on 1st January 2006. The notion of "imputed rent" (or "fictional rent") includes the rental service home-owners provide themselves, which is to say the rent owners would have to pay if they were tenants in the dwelling they occupy.
