Property Valuation
Market rent vs. contract rent in Indiana real estate analysis means:
AThey are always the same
BMarket rent is what a property would rent for in the current market; contract rent is what is actually specified in an existing lease✓ Correct
CMarket rent applies only to commercial; contract rent to residential
DContract rent is always higher than market rent
Explanation
Market rent is the competitive rent a property would command in the current market. Contract rent is the rent actually charged in an existing lease.
Related Indiana Property Valuation Questions
- Stigmatized property in Indiana (such as a property where a crime occurred) may have reduced value due to:
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