rental value


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rental value

n. the amount which would be paid for rental of similar property in the same condition in the same area. Evidence of rental value becomes important in lawsuits in which loss of use of real property or equipment is an issue, and the rental value is the "measure of damages." In divorce cases in which one of the spouses stays in the family residence, the use of the property has rental value which is considered in balancing the income of the parties, determining division of property or setting the amount of alimony to be paid. (See: rent)

References in periodicals archive ?
The change in model output that would apply if the rental value decline (RVD) and vacancy assumption for each property is increased by a relative amount is as follows:
Mohammed Yahya, deputy executive director of the Rental Affairs Sector at DLD, said: "The rental index is based on a calculation of the increase in rental values, reflecting average rents in different areas, the rental value of registered leases, and the properties offered for leasing.
The same decree set an increase of 10% of the rental value for the real estate unit if the rental fee is between 21% and 30% of the average wage, an increase of 15% if the rental fee is 31% to 40% less than the average wage, and an increase of 20% if the rental fee is less than 40% of the average wage.
Mohammed Yahya, Deputy Executive Director of the Rental Affairs Sector at DLD, commented: "The rental index is based on a calculation of the increase in rental values, reflecting average rents in different areas, the rental value of registered leases, and the properties offered for leasing.
The same decree set an increase of 10 per cent of the rental value for the real estate unit if the rental fee is between 21 per cent and 30 per cent of the average wage, an increase of 15 per cent if the rental fee is 31 per cent to 40 per cent less than the average wage, and an increase of 20 per cent if the rental fee is less than 40 per cent of the average wage.
HE the Prime Minister and Minister of Interior decided to reduce the rental value by 50% for all investors in the logistics areas south of the State of the Economic Zones Corporation, during 2018 and 2019 so that the rental values will be reduced from QR 40 to QR 20 per square meter.
Framework agreement 3 - lighting equipment for productions with an expected rental value of lighting equipment below dkk 150,000 4.
The rental value is just over SEK 14m annually and Audi is the largest tenant who disposes about 50 % of the property.
That means that based on a number of factors, the higher the rental value is, the higher the rates tend to be.
But due to lack of available stock, quarter-on-quarter rental value in the second quarter saw muted growth of 1 per cent.
The rental value of apartments increased in the quarter, as they were seen as more "secure and available" compared to villas whose rental value has declined, the report mentioned.
It lays out the rental value increases that a landlord can demand when renewing both residential and commercial leases, including those leases in private development zones and free zones.