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 ?
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.
With business rates currently based on rental values that existed at the peak of the market in April 2008, some regions or sectors have since experienced rental value declines of up to 40.
Morgan said: "A slowing in the rate of rental value growth can also be expected in the residential rental market as we appear to be nearing the threshold of relative affordability.
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Colliers said many retail centres across the UK had seen significant falls in rental value since 2008 - with some of the worst hit regions falling by as much as 27%.
TM] answers these questions by considering three important factors: rental value, property price and gross income.
Accordingly, their appraiser testified that the fair market rental value should be based on the entire net rentable area of the property.
When people say that rents have dropped, what they probably mean is rental value, not the actual rents that people pay.
It states that the rental value of those properties must be equal to or less than 25 per cent of a corresponding rent average established by the rental index.
HK Group has completed two office leases in Norwalk and Stamford, totaling 14,000 s/f, with a rental value of about $970,000.