Rental value
More generally, it may be the consideration paid under the lease for the right to occupy, or the royalties or return received by a lessor (landlord) under a license to real property.The value arises from when the market or model is in equilibrium and it is advantages for an individual to take part in trading activities rather than not participate, considering profit or utility can be achieved.[5] In a contract lawsuit, the lessor could collect the rental value of the premises from the saloon lessee (tenant) who had violated a lease.[7] Rental value can also be used in a divorce, separation, or annulment action for equitable distribution, in those states lacking Community property laws.[citation needed] Fair Market Rent in the US context is the amount of money that a given property would command, if it were open for leasing at the moment.