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fair rent

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fair rent
n
(Social Welfare) (in Britain) the rent for a private tenancy, fixed and registered by a rent officer, and based on the size, condition, and usefulness of the property, but not its scarcity value


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President ICCI said the basic cause of such disputes was the non-promulgation of a balanced Rent Control Act in Islamabad and stressed upon the government to immediately promulgate a fair Rent Control Act, in consultation with all stakeholders to equally protect the rights of tenants and owners so that Islamabad could get rid of rent disputes.
The bill, introduced by Upper Manhattan Council member Robert Jackson, would require landlords and tenants to participate in mediation and arbitration if they can't agree on a fair rent for a commercial space.
They put the fair rent at figure that was far lower than the contractual rents, far lower then any of the experts stated, and lower indeed than the tenants themselves had offered.
 
 
 
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