Back rents suitably adjusted (5)
I believe the answer is:
stern
'back' is the definition.
(stern is a kind of back)
'rents suitably adjusted' is the wordplay.
'rents' can be anagrammed to 'STERN'.
Though, I'm not sure how this is indicated.
Can you help me to learn more?
(Other definitions for stern that I've seen before include "Severe -- back of boat" , "Strict - forbidding" , "enforcing submission" , "Austere rear part of a ship?" , "Rear; severe, serious" .)