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rental value |
Also found in: Wikipedia | 0.01 sec. |
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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) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The aggregate rental value of the 7-year deal is in excess of $474,000. 280A(d), a vacation home used by the owner less than the greater of 14 days or 10% of the days rented at fair rental value during a year may qualify as investment property for Sec. Had this space been in a different market where the creative or entertainment industries may typically reside this space may have demanded a greater rental value. |
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