Market rent


Also found in: Dictionary, Financial.

Market rent

The current rental value of a property, which varies according to local or national market conditions.
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References in periodicals archive ?
First, it interpreted the lease liberally, finding that the enumerated factors for determining fair market rent were not exclusive or mandatory.
Actually receiving GPI would be nearly impossible because of ever-changing market conditions and lease contracts which remain stable when market rents change.
Guest Beer and Market Rent Only options promise to be a major boost for Britain's thriving independent brewery sector as well as the pub sector.
If any executive members who are in receipt of more than double the national average wage still hold a council tenancy while paying below market rent then they need to consider their position.
Those on benefits or the lowest incomes cannot afford these intermediate market rents.
According to the Florida Housing Coalition's Housing News Network, the state of Florida had a 1,200 percent increase in the number of Section 8 units converted to market rents through the Opt-Out process within a 12-month period.
Projects that receive interest subsidies will have their market rent reduced to compensate for the interest subsidy.
As some rents will have been set as much as five years ago, the current market rent of some properties, particularly those in less advantageous locations, may well now be lower than the passing rent.
The housing wage is the amount a person working full time has to earn to afford a two-bedroom rental unit at fair market rent with no more than 30 percent of the income being spent on shelter.
On the one hand, there is the practical difficulty of developing option language specific enough to eliminate any controversy on how market rent will be determined.
15 per hour afford the fair market rent for a one-bedroom unit in their community.
The assertions that "the fee simple interest (the real estate) can obtain market rent but no more" (p.

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