Rack Rent
Legal definition for Indian law research
Definition
Rack rent, means 'of or approaching the full annual value of the property' out of which it ensues. It means gross rent and not net rent, Lakhanshi Hiralal & Co. v. Damji Khimji & Co., 1969 Bom 73: (1968) ILR Bom 855: (1968) 70 Bom LR 394: (1968) Mah LJ 835.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.