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 lease term must include all renewal or extension periods except renewals and extensions at the option of the lessee at the fair rental value at the time of the renewal or extension.
The aggregate rental value of the transaction, negotiated by Herb Goldberg, senior managing director of Edward Warren & Company Inc., is approximately $38 million.
H T Hampe Associates is pleased to announce several new leases totaling 5,750 SF, with a rental value of $550,000.
HT Hampe Associates recently closed two retail lease transactions in Westport, Conn., with rental value of more than $750,000.
He said most traders and plaza owners contacted courts for the rental value assessment of the RCB.
During the financial year, which ended on March 31, Palace Capital said it completed 37 leases and rent reviews at an average 14% ahead of estimated rental value, while it remained "conservatively" geared.
Some assets require modernisation or re-specification, but few fall into Fitch's weaker quality scores deemed at higher risk of extensive structural vacancy (grades 5-7 account for 5% of rental value).
He continued that the evaluating of the amount of the taxes is very random, as in the North Coast the services in each resort differ from the other, noting that according to the law, the calculation of the taxes depends on the rental value.
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.
These include the increase of a 10% rental value for real estate units with rental fees between 21% and 30% of the average wage.
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.