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Preferred term

fair market rent  

Definition

  • Fair market rent (also known as FMR) is an estimate of monthly contractual gross rent and a utility allowance necessary to lease a habitable and modest apartment unit. FMR is set by the U.S. Department of Housing and Urban Development (HUD) for a specific county or metropolitan statistical area. [Source: The Encyclopedia of Housing; Fair Market Rent]

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URI

https://concepts.sagepub.com/social-science/concept/fair_market_rent

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