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Simple English definitions for legal terms

Rental value

Read a random definition: alternative dispute resolution

A quick definition of Rental value:

Rental value: The rental value is the amount of money that someone would pay to rent a property. It's like how much you would pay to borrow a toy from a friend. It's the fair price that the property would be rented for in the market. It's the same as what another property in the same area and condition would be rented for.

A more thorough explanation:

Definition: Rental value is the amount of money that a property can be rented for. It is the fair price that a property would lease for in the open market, based on the condition and location of the property.

Example: If a two-bedroom apartment in a popular neighborhood rents for $1,500 per month, then that is the rental value of that apartment. This means that a similar two-bedroom apartment in the same neighborhood and in the same condition would also rent for around $1,500 per month.

Explanation: The example illustrates how rental value is determined by the market. If there is high demand for apartments in a certain area, the rental value will be higher. Similarly, if the apartment is in good condition and has desirable features, the rental value will also be higher. Rental value is important for landlords and tenants to understand, as it helps determine fair rent prices and can impact the profitability of a rental property.

Rental agreement | Renunciation

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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