The price a tenant pays a landlord for the use and occupancy of real property based on current prices for comparable property.

The rent that a comparable property would command if offered in the competitive market. .

The rental income a property is likely to command under the current market conditions. Also referred to as economic rent, may be higher or lower than what the property is actually leased for.

The rent a property would command on the open market if it were currently vacant and available.

The rental income that a property would command if exposed for lease in a competitive market.

Rent that a comparable unit would command if offered in a competitive real estate rental market.

The best rent at which a property might reasonably be expected to be let with vacant possession in the open market, with a willing landlord and tenant, taking full account of all terms of the tenancy offered.

The rental income that a property would most probably command in an open market.

The rental income that a property would command on the open market with a landlord and a tenant ready and willing to consummate a lease in the ordinary course of business; indicated by the rents that landlords were willing to accept and tenants were willing to pay in recent lease transactions for comparable space.

Also known as economic rent, the amount the owner could charge and obtain for the lease of a property in the current economic circumstances.

The rental income that a property would most probably command on the open market; indicated by current rents paid and asked for comparable space as of the date of appraisal.

The currently prevailing rent for properties comparable to the subject property.

Also known as Economic Rent or Scheduled Gross Income; it is the rent a property brings on the open market as of the date of the appraisal; i.e., the gross income the property is capable of producing or has the potential of producing.

Rents are set according to what people are prepared to pay.