Fair Market Rent definition
Examples of Fair Market Rent in a sentence
The resulting quotient shall be the Fair Market Rent for the initial year of a Renewal Term.
Fair Market Rent shall take into consideration tenant improvement allowances, free rent periods, and other tenant inducements then being offered by landlords of similar space in the marketplace, together with brokerage commissions, and all other applicable terms and conditions of the tenancy in question.
If Tenant disagrees with ▇▇▇▇▇▇▇▇’s Fair Market Rent determination, Tenant shall provide written notice to Landlord within thirty (30) days of receipt of Landlord’s written proposal.
If ▇▇▇▇▇▇ agrees with Landlord’s Fair Market Rent determination, Tenant will exercise this option and the parties will evidence such exercise by an amendment to the Lease prepared by ▇▇▇▇▇▇.
If a party does not appoint an appraiser within ten (10) days after the other party has given notice of the name of its appraiser, the single appraiser appointed shall be the sole appraiser and shall set the Fair Market Rent for the initial year of the renewal term.