overletting
/ˌoʊvərˈlɛtɪŋ/
noun
- The practice of renting out a property at an excessively high price or beyond a reasonable limit.
- The city passed a law to prevent overletting in affordable housing units.
- Overletting can lead to long vacancies if the market changes.
- Real estate agents warned against overletting during the economic downturn.
verb
- Present participle of overlet; the act of renting out a property for too much.
- By overletting the venue, the owner scared away potential event planners.
- They are overletting their beach house this summer at triple the normal rate.
- The company was overletting storage units, causing complaints from customers.
Synonyms