market rent
Going rental rate
Market rent is the amount a property would command if leased today under current conditions—what a willing tenant would pay a willing landlord in an open market.
The term appears in real estate appraisals, lease negotiations, and rent adjustment clauses: The lease resets to market rent every five years.
Market rent may differ significantly from what a tenant actually pays under an existing agreement.
- fair valueReasonable exchange price
- leaseTemporary use contract
- lease termsProvisions governing tenancy
- tenantOne who rents property
- landlordProperty owner renting out
appraisal · comparable · asking price · vacancy · commercial · residential · square foot · benchmark · negotiation · property · valuation · going rate · occupancy · real estate · housing · apartment · storefront · lease renewal
market rentaffordable rent
Reasonable housing payment
affordable housing · low-income housing · social housing · public housing · rent-free
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