contract rent

contract rent

The rent stipulated in a lease. Contrast with economic rent.

References in periodicals archive ?
Quoting The Appraisal of Real Estate, fourteenth edition (page 72), the court noted, "A leased fee appraisal report values the 'ownership interest held by the lessor, which includes the right to the contract rent specified in the lease plus the reversionary right when the lease expires.
contract rent and rental period (monthly, bimonthly, weekly, or for a specified number of days);
CWCapital also said all tenants who lived in their apartments before the Appellate Division decision on "Roberts" was made, in March 2009, and any tenant who signed a market rate lease during the escrow period will be offered the lesser of modified legal rent or their original contract rent with all applicable Rent Guidelines Board increases.
The economic rent is the contract rent (including the value of certain rent reductions) adjusted by the value of any changes in the services the landlord provides.
The house in question has a monthly contract rent of $2,057, which is within the HUD allowable rent for a four-bedroom house of $2,256, Jackson wrote.
A tenant that had signed up to a long-term lease with ratchet clauses for the complete term in the late 1980s, was left with space worth half its contract rent when it downsized.
The borrower indicated that the property has severely reduced cash flow due to existing tenants not paying their contract rent and an increase in physical vacancy.
For example, Comparable 1 has contract rent of $35.
The service will help/enable CORE staff by providing review of RCS s submitted as a result of HUD Section 8 Contract Rent Renewal/Adjustment/Contract Expiration.
The basic distinction is that a fee-simple appraisal considers parameters such as market rent, while a leased-fee appraisal focuses on the actual or contract rent of the property.
For example, if the landlord provides electricity, it is considered part of the contract rent.

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