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Regular pay for a place to stay (7)

Ross

I believe the answer is:

pension

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'regular pay' is the definition.
The definition and answer can be both related to property as well as being singular nouns.
Perhaps they are linked in a way I don't understand?

I can't explain the rest of the clue.

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(Other definitions for pension that I've seen before include "Retired person's allowance" , "Bed and breakfast or small hotel in France" , "Regular payment received after retirement" , "Retirement allowance" , "Regular payment for retired persons" .)

I've seen this clue in the Evening Standard.
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