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
References in classic literature ?
The furniture of this little apartment was very respectable, for Madame de la Rocheaimard, besides paying a pretty fair rent, had hired it just after the revolution, when the prices had fallen quite half, and the place had, by no means, the appearance of that poverty which actually reigned within.
Should the landlord and tenant fail to reach an agreement, then the tribunal may determine the fair rent, taking into account the criteria stipulated in Article 9 of this Law.
A valuation report prepared either by a Land Registry valuations' officer or by a valuer to determine the fair rent of a property situated in a rent control area should consider the assumptions set out in the Rent Control Law, taking into account the market rent and the average rents of the proximity area, as well as all the circumstances, other than the personal ones, such as the age, character, size, location, condition of the premises and where the building is listed whether the landlord executed any works, the costs and services provided.
Shelter chief executive Polly Neate welcomed the Government's recent investment in council housing but said the report, Fair Rent Homes: An Affordable Alternative for Hard-Pressed Renters, showed millions of renters were "only just scraping by" and also needed help.
Mr Ropke said his sector now needed to ensure that the Welsh Government matches its ambitions with funding, and creates a policy environment to support this delivery, including continuing to provide a fair rent settlement.
This involves about 12,000 landlords who will also now have increased transparency about the tied deals available, a fair rent assessment and the right to move for a free of tie tenancy in certain circumstances.
Why can't they encourage local businesses by charging a fair rent rather than have empty units earning them zilch?
No matter how you structure the terms of the sale, you'll be in a stronger position at the negotiating table if the company has been paying a fair rent all along.
And rather than a landlord, put it in public ownership, with a lifetime's fair rent.
Compromise a little by charging a fair rent to Otium for the joint hospitality and function suites needed for match days.
It is let on a Protected Tenancy, with a Fair Rent registered with the Valuation Of?
Even if the property is rented to a relative at fair rent, if the owner retains free access to the unit, those days will be considered personal use days.