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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 . [ 1 ]
In the United States the Census Bureau keeps track of vacancy rates. [1] In Canada Canada Mortgage and Housing Corporation measures vacancy rates of 25 metropolitan areas and for the 75 largest Metropolitan Statistical Areas (MSAs) across the country [2] and publishes the findings semi-annually in June and December. [3]
In this case the actual rental period is 13 months. If the lease rate is $1,500/month, the so-called face rent, then the total rent paid by the tenant will be 1,500 x 12 = $18,000. Over the 13-month period, this means the net effective rent is $1,385/month. Similar tenant inducements are often applied to large retail and industrial units as ...
The average property tax rate is 1.25%. The average homeowner will pay $7,172 a year in property taxes, which comes out to almost $600 per month. peeterv/istockphoto. 9. Kansas.
Despite rising interest rates and lower farm income, Iowa farmland values averaged a record $11,835 this year, an Iowa State University survey shows Iowa farmland values climb 3.7% in 2023 ...
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For definition of Broad Rental Market Area, see Concepts and terminology section above. The table below gives the weekly rates that applied from 1 April 2016 to 31 March 2017. [16] Due to the rates being frozen in 2016, in many areas the 30th percentile is now higher than the LHA rate.
Opinion: Four factors are key to what's been happening, writes Grinnell Mutual's Jeff Menary: inflation, social inflation, weather and reinsurance.