Rents and rates revised (5)

I believe the answer is:

tears

'rents' is the definition.
(I know this)

'rates revised' is the wordplay.
'revised' indicates an anagram.
'rates' anagrammed gives 'TEARS'.

'and' is the link.

(Other definitions for tears that I've seen before include "Rips; droplets" , "Globules of ocular moisture" , "damaging to paper" , "signs of emotion" , "drops and > drop special > rushes" .)

I've seen this clue in The Irish Independent, The Telegraph and The Globe and Mail.

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