rental value

Definition of "rental value"
  1. The cost a person would pay to rent a similar property in the same condition and location
How to use "rental value" in a sentence
  1. The property's rental value can dictate the amount of damages awarded in particular lawsuits.
  2. The rental value of the home was considered in determining the income balance between two divorcing spouses.
  3. The equipment's loss was compensated based on its estimated rental value.

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