INCOME REQUIRED FOR AVERAGE RENT assumes a more conservative 30% of rental household income needed for the average metro contract rent
They are based on monthly contract rent
, that is, the rent asked regardless of whether any goods or services may be included, such as furnishings or utilities.
At the appeal, Walgreen disagreed with the Town's reliance on the actual rental income under the existing seventy-five-year lease (contract rent
) in calculating the true and actual value of the property in 2011 because the lease had been negotiated in 2003 and the property would not command such rates on the date of value.
* 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.
Chart 7 displays median contract rent
data from the 1999 HVS.
Just as miscommunication exists over the term "vacancy," it's also fairly common when it comes to the term "rent." A variety of types of rent exist, including "gross rent," "street rent," "contract rent
" and "net rent." Definitions of these various kinds of rent are as follows:
How an award is distributed among competing interest holders of a property depends on the language of the lease, including the length of the remaining term of the lease, renewal options, contract rent
, and, most importantly, the condemnation clause.
Currently, the state estimates of rental of tenant-occupied nonfarm housing are based on contract rent
data from the 1-year public use microdata sample (PUMS) of the American Community Survey (ACS).
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.
The `rent' estimator is based on the change in the "economic rent," which is basically the "contract rent
," adjusted for any changes in the quality of the housing unit.