The amount of rent that can be expected for the use of a property, in comparison with similar properties in the same area.
as the area develops, market rents will only climb
mass nounthey are paying market rent or close to it
Example sentencesExamples
Initially, the rent paid was geared to income but, as Mr. Smith's income increased, the family began paying market rent.
In simple terms a "fair rent" is determined by ignoring the factor of scarcity in so far as it affects market rent.
The balance of the property is let at open market rents.
The rent is reviewed in line with the RPI, but at 10 yearly intervals either party may seek a review to the market rent.
Taking these figures into account, the effect of current market rents and yields gives a negative development value.
The rent can only go up once a year and can only climb to the market rent.
All three members of the Committee had a very high degree of familiarity with market rent levels in the area of North Leeds.
This is largely due to an increase in private landlords (making tenants choosier), which has brought down market rents.
Prime market rents were 324 euros per square metre for offices and 72 euros per square metre for industrial at the end of the second quarter of this year.
Kirkland suggests Stewart get figures of what the market rents are in her area and make sure that hers are comparable.
Definition of market rent in US English:
market rent
noun
The amount of rent that can be expected for the use of a property, in comparison with similar properties in the same area.
as the area develops, market rents will only climb
mass nounthey are paying market rent or close to it
Example sentencesExamples
All three members of the Committee had a very high degree of familiarity with market rent levels in the area of North Leeds.
Taking these figures into account, the effect of current market rents and yields gives a negative development value.
The balance of the property is let at open market rents.
Kirkland suggests Stewart get figures of what the market rents are in her area and make sure that hers are comparable.
The rent can only go up once a year and can only climb to the market rent.
In simple terms a "fair rent" is determined by ignoring the factor of scarcity in so far as it affects market rent.
The rent is reviewed in line with the RPI, but at 10 yearly intervals either party may seek a review to the market rent.
This is largely due to an increase in private landlords (making tenants choosier), which has brought down market rents.
Initially, the rent paid was geared to income but, as Mr. Smith's income increased, the family began paying market rent.
Prime market rents were 324 euros per square metre for offices and 72 euros per square metre for industrial at the end of the second quarter of this year.