MLchartDataset catalogue

Rental value

Term · Law · MLC-T-LAW-004228

The fair market price for which a property could be leased to a willing tenant for a specific period. This value is determined by analyzing the rents of comparable properties in the same location, considering factors like size, condition, and amenities. In legal disputes, rental value is used to calculate damages, such as when a landlord's negligence makes a property uninhabitable.

Table 1. Record
IdentifierMLC-T-LAW-004228
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004228",
  "term": "Rental value",
  "field": "Law",
  "definition": "The fair market price for which a property could be leased to a willing tenant for a specific period. This value is determined by analyzing the rents of comparable properties in the same location, considering factors like size, condition, and amenities. In legal disputes, rental value is used to calculate damages, such as when a landlord's negligence makes a property uninhabitable.",
  "url": "https://mlchart.com/terminology/law/rental-value/"
}

Record 4,288 of 5,441 in Law terminology (MLC-0107). Request the full dataset.