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Fair rent is the reasonable rent for a private property fixed and registered by a rent officer. Fair rent is fixed based on the size, condition, and usefulness of the property. In fixingfair rent, the scarcity of rented property is not taken into account and therefore fair rent is usually lower than the market rent.
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Fair rent is the reasonable rent for a private property fixed and registered by a rent officer. Fair rent is fixed based on the size, condition, and usefulness of the property. In fixingfair rent, the scarcity of rented property is not taken into account and therefore fair rent is usually lower than the market rent.
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