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market rent

British  

noun

  1. (in Britain) the rent chargeable for accommodation, allowing for the scarcity of that kind of property and the willingness of tenants to pay

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Related: ‘I will soon turn 65’: My son wants to live in my investment property for less than market rent.

From MarketWatch

Under Internal Revenue Service rules, it’s perfectly fine to rent to a family member at below market rent — but doing so has significant tax implications, not least by limiting and/or preventing myriad expense-related deductions.

From MarketWatch

As for what happens after your mother passes away, an executor can continue to live in a deceased parent’s house, but they must typically pay fair market rent to the estate, especially when there are other heirs.

From MarketWatch

It showed they had a 20-year lease with the Crown Estate, with the couple paying a market rent, determined by independent valuers.

From BBC

The couple, who moved in this autumn, are described as paying an "open market rent" using levels agreed by independent valuers.

From BBC