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Fair Rental Value

   Also found in: Acronyms 0.01 sec.
Fair Rental Value
The amount the owner of property could reasonably expect to receive from a stranger for the same type of lodging; generally, the amount at which a home with its furnishings could be rented to a similar size family in a similar location.
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If an employer provides the minister a housing allowance, the exclusion is limited to the lesser of the amount designated in advance by the employer as a housing allowance, the fair rental value of the residence, or the actual expenses incurred.
Clergy tax rules extend beyond churches by Schloemer, Paul / The Tax Adviser
In the event that one cotenant wrongfully excludes another from access, then the excluded tenant may be entitled to the fair rental value of his or her ownership interest in the property as a result of an ouster.
The bursting bubble - dealing with the marital home during a real ... by Schwartz, Robert M. / Florida Bar Journal
Identification and assessment of a mold problem and estimates relative to remediation and/or restoration costs are clearly outside the expertise of most appraisers, although loss-of-use claims may necessitate estimates of fair rental value or the value of comparable housing for a specified period of time.
Mold: what appraisers should know by Sanders, Michael V. / Valuation Insights & Perspectives
 
 
 
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