1. A building, house, apartment, or land that is owned by one person or entity and occupied by another person or entity in exchange for regular payment (rent)
They decided to invest in rented property to generate passive income.
Eles decidiram investir em imóvel alugado para gerar renda passiva.
2. Any real estate asset that produces income through lease agreements
The company owns several rented properties across the city.
A empresa possui vários imóveis alugados espalhados pela cidade.