The best market rent obtainable.
A rent which is kept to an open market level during the period of a lease by rent reviews at regular intervals, usually three or five years. This usually means that the tenant obtains little inherent value in the lease because the rent does not drop below a full rate for long.
A rent representing the full letting value of a property. In contrast to a ground rent that is smaller as a capital sum has been paid for the lease.
Means the full or maximum rent obtainable for a heritable property.