Examples of Fair Rental Value in a sentence
Fair Rental Value (FRV) System –A gross valuation of a nursing facility’s property using a standardized approach that takes into account the age, RS Means indeces, bed additions, renovations and size of the facility.
A provider must submit an FRVS survey to the Agency for Health Care Administration (AHCA) using the electronic form and instructions on the Florida Nursing Home: Fair Rental Value Survey web page.
Failure on the part of Tenant to timely submit a Dispute Notice shall constitute a waiver of the right of Tenant to dispute the Fair Rental Value determined by Landlord, and in such event the Base Rent for the Renewal Term shall be as set forth in the Rent Notice.
Fair Rental Value System (FRVS) Rate – A FRVS is used to reimburse providers for their facility related capital costs.