§ 818 Lease Valuation Basis Rules

• •When figuring out how much a property is worth for rent, experts can look at similar properties.
• •They can check the rent prices and details of leases for similar properties.
• •The leases they look at must be fair deals made close to the time they're checking the value.

You want to rent out your house and need to know how much to charge.

An expert can look at what other similar houses in your area are renting for. They check the rent prices and lease details of those houses to help decide a fair rent for your house. They can only use leases that were made fairly and around the same time.