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Define Excess Rent in Real Estate

Excess Rent: 

"Excess Rent" is when a tenant pays more rent for a place than what other similar properties in the area are charging.

Example: 

For example, imagine two nearly identical apartments in the same neighborhood. Apartment A has a monthly rent of $1,200, while Apartment B has a monthly rent of $1,400. If the typical rent for similar apartments in the area is $1,200, the $200 extra that tenants of Apartment B pay would be considered excess rent.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

In the land of rent and lease,
Excess rent can sometimes cease.
When tenants pay a price too high,
Compared to others, nearby.

Two apartments, side by side,
One with rent that's amplified.
If others charge a lesser sum,
Excess rent will then become.

So when you see, in this great land,
A rent that's more than others planned,
Remember then, it's excess rent,
An extra charge, not heaven sent.