Market rent


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Market rent

The current rental value of a property, which varies according to local or national market conditions.
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A 7.39 percent average rate was calculated for the subsidized individually metered garden properties versus 8.75 percent for market rent units.
In Case I, we knew when the existing below-market leases would terminate; the only uncertainty was the impact of market rent on the leases and lease renewal.
This is 11 percent under the $8,555 per unit ($9.90 per square foot) for their market rent counterparts.
Any buyer of this leased fee interest would price the real estate subject to that lease, and such price would reflect the contract rent's relationship to market rent and any inherent risk associated with that relationship.
The value of a vacant store is much different from the value of an occupied store at market rent. Vacancy implies absorption, leasing costs, and lower contract rent that would unnecessarily penalize a leased, economically productive property.
Fifty-four metropolitan areas met the separate reporting requirement for market rent properties.
So, it quickly becomes apparent that what may look like a substantial pool of potential leases that might be used as comparables in an estimate of market rent for the subject is really of no use whatsoever in determining how much a second-generation tenant would be willing to pay in rent for these custom-built properties.
In April 2005 a number of large landlords and developers, led by the British Property Foundation (BPF), declared that new leases would no longer prohibit subletting at less than the greater of the passing or market rent. Where possible, provisions in existing leases would also be waived.
Operating expenses in subsidized properties tend to be higher than for market rent properties.
Core is market rent. Top-slice refers to a layering of variations in the relationship between contract and market rent over the term of the lease.
To ensure the landlord receives a minimum sum to budget for mortgages and development costs, there is usually a provision for a base rent ( less than the market rent ( being payable in the short term with a balancing sum ( being a percentage of the turnover less the base rent already paid ( which is payable at set times.
As stated above, the typical method of utilizing market rent for developing an income approach to value for single-family homes utilizes the GRM, which itself is tied directly to any exuberance in the market.

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