Fair Market Rent | Real Estate Glossary

Definition of "Fair market rent"

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

Member of a partnership whose liability for partnership debts is limited to the amount invested in t ...

Giving one's approval to another, e.g., a fiduciary, to manage his or her finances. ...

Each payment made by the borrower is equal each period, usually monthly. Each payment is comprised o ...

Camera and related equipment coverage found in inland marine insurance. ...

Excess or deficit of gross premium above the pure cost of insurance and expenses. The result becomes ...

Liability reserve required to be maintained by the national association of insurance commissioners ( ...

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

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