👉 Rentage is a legal term that describes the cost of renting property or an asset, including both the initial purchase price and any potential maintenance costs. It typically refers to the amount of money paid by the landlord for the use of a property to tenants. In the context of real estate transactions, rentage can be calculated based on various factors such as the property's location, size, age, condition, and any other relevant information provided by the tenant. Rent is usually charged at a fixed rate per
