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About: Rental value     Goto   Sponge   NotDistinct   Permalink

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Rental value is the fair market value of property while rented out in a lease. More generally, it may be the consideration paid under the lease for the right to occupy, or the royalties or return received by a lessor (landlord) under a license to real property. In the science and art of appraisal, it is the amount that would be paid for rental of similar real property in the same condition and in the same area. Determining Rental Rates Pricing your rental should be a strategy in order to maximize your net income. The longer you own the property, the easier this becomes.