Definition of Advance rental
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Advance rental Definition from Business & Finance Dictionaries & Glossaries
Any payment in the form of rent made before the start of the lease term. The term also is used to describe a rental payment arrangement in which the lessee pays each rental- on a per period basis- at the start of each rental payment period. For example- a quarterly- in advance- rental program requires the lessee to pay one fourth of the annual rental at the start of each consecutive three-month period during the lease term.