The compensation paid to the landlord for the tenant's right to possession and exclusive use of the premises is called rent.

Name: The compensation paid to the landlord for the tenant's right to possession and exclusive use of the premises is called rent.
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Rent is the payment made by a tenant to a landlord for the use of a property, building, or land, granting the tenant possession and exclusive use of the premises for a specified period under agreed terms.

The Compensation Paid to the Landlord for the Tenant's Right