Fair Rent Assessments

Fair Rent Assessments are evaluations used to determine the appropriate rental value for a property, often conducted by an independent assessor or tribunal. They consider factors like property size, condition, location, and current market rates to ensure tenants pay a reasonable rent, and landlords receive fair compensation. These assessments help prevent excessive rent increases or disputes, promoting transparency and fairness in rental agreements. They are especially relevant in regulated rental markets or during rent review processes, aiming to balance the interests of both tenants and landlords.