What is unrealized rent?

I want a detailed answer

Answer:
Unrealized rent is land value and rent is realized land value.

That is, unrealized rent is how much the land would be valued on the market to other people if they were to rent or lease it for a year. Supposing you didn't receive that amount throughout the year it would be unrealized. If you did receive rent, it would follow that it would be realized.
Unrealized rent is rent that has not been earned yet.

In using accrual accounting, if a tenant pays you for 12 months of rent in advance, that money is not realized until earned, or when the month elapses. The initial J/E would be Debit to Cash and Credit to Prepaid Rent (a liability).

Each of the next 12 months would then be recorded as a debit to Prepaid Rent to reduce the liability and Credit to Rental Income. At this point the rent is realized and recognized on the books.

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