rental value

rental value
The amount for which premises will let; not a conjectural, but a fair, value to be ascertained by evidence of what the premises will rent for in the open market or evidence of other facts from which the fair value may be determined. Brewington v Loughran, 183 NC 558, 112 SE 257, 28 ALR 1543. The measure of recovery for a wrongful withholding of plaintiff from possession of real property. 22 Am J2d Damg § 132. The term as applied to lands covered with a growing crop, means, not what the lands may be rented for in the vicinity for ordinary purposes, but the value of the use for the purpose of maturing and harvesting the crop; of necessity, the value of the crop in the condition at which it exists at the time of the injury is the prime factor in the ascertainment of the value of the use. Anno: 19 ALR 495.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • rental value — The amount which someone would pay for rental of similar property in the same condition in the same area. Evidence of rental value becomes important in lawsuits in which loss of use of real property or equipment is an issue, and the rental value… …   Law dictionary

  • 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… …   Wikipedia

  • rental value insurance — noun : insurance against loss to the occupant of the rental value of described premises because of specified damage to such premises …   Useful english dictionary

  • rental value — / rent(ə)l ˌvælju:/ noun a full value of the rent for a property if it were charged at the current market rate (i.e. calculated between rent reviews) …   Dictionary of banking and finance

  • Value added — refers to the additional value of a commodity over the cost of commodities used to produce it from the previous stage of production. An example is the price of gasoline at the pump over the price of the oil in it. In national accounts used in… …   Wikipedia

  • value — val·ue 1 / val yü/ n 1 a: a fair return or equivalent in goods, services, or money for something exchanged received good value for the price b: valuable consideration at consideration …   Law dictionary

  • Rental Pool — A type of contract law sharing arrangement. Rental pool arrangements resemble time shares in the sense that in both cases, different parties divide the use and expenses of property. Rental pools seek to increase the number of days the home is… …   Investment dictionary

  • Value product — The value product (VP) is an economic concept formulated by Karl Marx in his critique of political economy during the 1860s, and used in Marxian social accounting theory for capitalist economies. Its annual monetary value is approximately equal… …   Wikipedia

  • value — {{Roman}}I.{{/Roman}} noun 1 amount of money that sth is worth ADJECTIVE ▪ high, low ▪ the high value of the pound ▪ full, total ▪ real …   Collocations dictionary

  • Gross annual value — The Gross Annual Value (GAV) the current value, the actual rent (whetherreceived or receivable) or the fair rental value, whichever is highest or which the property might beexpected to attract on the open market in ideal circumstances where there …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”