Property Management
Fair market rent for a rental property is best determined by:
AThe property manager's personal opinion
BAnalyzing recent comparable rental listings and leases in the same market✓ Correct
CThe assessed value of the property
DThe owner's mortgage payment
Explanation
Fair market rent is determined through market analysis — reviewing comparable rentals in the same area with similar features. This ensures the property is priced competitively to minimize vacancy.
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