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Rental value is the fair market value of property while rented out in a lease. More generally, it may be the consideration paid under the lease for the right to occupy, or the royalties or return received by a lessor ( landlord ) under a license to real property . [ 1 ]
Net Effective Rent, sometimes Net Effective Rate, or NER for short, is a measure of the expected income from a tenant, seen mostly in commercial real estate. It is the net present value of all the rental payments over the period of the lease, as well as any abatements or incentives that might add to or lower these payments. An example of a ...
Omni Amelia Island Resort is a luxury resort community located on Amelia Island, Florida, the westernmost barrier island on the Atlantic Ocean in the U.S. The resort's tennis facility hosted the Bausch & Lomb Championships , a major Women's Tennis Association tournament, for 20 years. [ 2 ]
Imputed rent is the rental price an individual would pay for an asset they own. The concept applies to any capital good, but it is most commonly used in housing markets to measure the rent homeowners would pay for a housing unit equivalent to the one they own. Imputing housing rent is necessary to measure economic activity in national accounts ...
Rent Collection - Many agents will offer to collect the rent from a tenant for an additional commission. This cost can vary, but is usually less than 5%. Full Management - This is the day-to-day management of a rental property. [2] Many agents will provide this service for landlords who wish to have a hands off approach to their investment.
The fair market value of property is the price at which it would change hands between a willing and informed buyer and seller. The term is used throughout the Internal Revenue Code , as well as in bankruptcy laws, in many state laws, and by several regulatory bodies.