market rent


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market rent

n
(Economics) (in Britain) the rent chargeable for accommodation, allowing for the scarcity of that kind of property and the willingness of tenants to pay
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References in periodicals archive ?
GPR averaged $6,634 ($7.65 per square foot) annually This is 20 percent under the $8,335 per unit ($9.51 per square foot) for their market rent counterparts.
This statement allows tenants to sublet at 'market rent' - even where the relevant lease states that subletting must be at the higher of either the market rent or passing rent.
It is likely that this would result in a longer time to lease the vacant space and ultimately, a lower market rent.
Operating expenses in subsidized properties were close to those for market rent properties.
Second, the article does not state or imply, and I do not believe, that a fee simple estate is equivalent to the physical real estate being leased at market rent. In fact, Leslie Sellers and I did a presentation on this very issue at the 2016 Appraisal Institute Annual Conference; quoting from one of my slides used in the presentation, '"As if leased at market rent' is NOT a proxy for fee simple." Finally, while I agree that in a given situation it may not be necessary to separately allocate the present value of excess rent when appraising a leased fee interest (there can be no excess rent in a fee simple estate), I believe that it is always necessary to identify the existence of this non-realty asset when communicating the results of the assignment.
If we proceed from the assertion that appraising the fee simple value is the appropriate methodology, then how should market rent be treated?
Since lenders will underwrite to market rent as a maximum, one doesn't get credit in the NOI for any rents above market that a property may be obtaining; therefore, we were falling far short on the requested loan proceeds.
Reporting of the data is composed of 2,349 market rent properties containing 633,331 units and 700 subsidized properties containing 98,161 units.
Even if the lease is at market rent, the fee does not necessarily equal the leased fee.
Tenants won a major concession from landlords last year when the British Property Federation ( which includes some of the UK's largest property owners ( said its members were to allow sub-letting at the market rent on all new leases.
Scale economies for total operating expenses measured on a dollars-per-unit basis did exist for the market rent garden properties with individually metered utilities.
Estimated rental value is market rent. Rent passing or passing" rent is contract rent.

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