Market Rent is the amount of rent a comparable unit would command if offered in a competitive market. It reflects the going rate in the open market based on various influencing factors including location, property condition, and current demand and supply.
Market-based transfer prices align internal transactional prices with prevailing market prices to mitigate bias and ensure fairness within an organization’s various divisions.
Open Market Value (OMV), also known as Market Value, refers to the estimated price at which an asset or property would trade in a competitive auction setting, where the conditions for a fair sale are met, and the parties involved are well-informed and willing.
