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Due to the Sunset of Tournaments, this question is outdated.

Rent percentage is one of the factors that you can see during tournaments announcements with a correspondent percentage.

For example, TRIUMPH tournament has a rent percentage of 10%.

However, what does it means exactly? It means that renting houses is cheaper or expensive?

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Rent percentage means the % of the original rent of the house. For example, let's say the house is 25,000 rent (which you can see the price on the website or in the cyclopedia)... 10% of 25,000 is 2,500. This is what you'll have to pay for the house aside from the bid on the house.

Here's a quote from the forums on Tibia:

Q: "On the settings it's says that will be possible to rent a house.. after the tournament end, all rents will be lost?
A: Yes, but rents will only be 10% of the original ones. Also, house auctions only last till the next server save."

Source- https://www.tibia.com/forum/?action=thread&postid=38695615#post38695615

Tournaments

House

Houses are private buildings that can be rented by players. They can be found anywhere in Tibia. Houses come in three forms: there are normal houses that are designed as resting places for single characters or for small groups of friends, shops in which players can build up a prospering business, and guildhalls in which whole guilds can find shelter!

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