Fair Market Rent | Real Estate Glossary

Definition of "Fair market rent"

The rent a property commands in a free and open market setting.

On a home purchase, the process of transferring ownership from the seller to the buyer, the disburse ...

Unfriendly fire not confined to its normal habitat. For example, fire in the fireplace leaps onto th ...

A land property estate contingent upon the occurrence or lack of occurrence of a particular event wh ...

Is a stockholder-owned corporation known as Freddie Mac. Freddie Mac purchases investment-quality m ...

Day the attachment of property under a judicial order becomes effective. ...

Report that contains information regarding the effect of a proposed project on the environment. ...

Over 90% of all presidential-declared disasters in the United States are flood related. Leveling for ...

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

This calculator will amortize your mortgage over the loan period based on your input. To see a break ...

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews