Definition
Fair market rent is the reference point for rent increases, assessed values, and voucher payment standards. It's estimated from comparable listings and lease data.
Fair market rent is the reference point for rent increases, assessed values, and voucher payment standards. It's estimated from comparable listings and lease data.
A 2-bedroom in a submarket rents in a range of $1,800–$2,100 — fair market rent lands around the median.
Charges beyond base rent that the lease treats as rent for enforcement purposes.
Verifying credit, eviction history, income, and references for a rental applicant.
Net operating income divided by property value, expressed as a percentage.
The pro-rata share of shared-space upkeep charged to commercial tenants.
The state of a resident being past due on rent or other lease charges.
Money held by a third party until a specific condition is met.