rental value

rental value
The amount for which premises will let; not a conjectural, but a fair, value to be ascertained by evidence of what the premises will rent for in the open market or evidence of other facts from which the fair value may be determined. Brewington v Loughran, 183 NC 558, 112 SE 257, 28 ALR 1543. The measure of recovery for a wrongful withholding of plaintiff from possession of real property. 22 Am J2d Damg § 132. The term as applied to lands covered with a growing crop, means, not what the lands may be rented for in the vicinity for ordinary purposes, but the value of the use for the purpose of maturing and harvesting the crop; of necessity, the value of the crop in the condition at which it exists at the time of the injury is the prime factor in the ascertainment of the value of the use. Anno: 19 ALR 495.

Ballentine's law dictionary. . 1998.

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