How is the value of property designated for rent zakatable, and is zakat due on the value of the property itself or only on the rent, and when is the zakat to be disbursed, upon receipt of the rent or after the passing of a full year (hawl)?

Mustaghallat refers to assets prepared for rent, such as real estate and vehicles. Zakat (definition) is not obligatory on the principal of mustaghallat according to the majority of scholars, because the Prophet, peace and blessings be upon him, specified the assets on which zakat is due and did not mention them, and the Muslim jurists have reached a consensus on this. As for the ghallah (rent/income) received from mustaghallat, zakat is obligatory on it if it reaches the nisab (definition) and a hawl (one lunar year) has passed over it from the day it was received.