Estimation of rent for a property shall consider contract contents, lease duration, lease purpose, tax liabilities, rent level, transition conditions, lease renewal, renewal conditions and other relevant factors.

It is in principle to estimate the real rent for the subject property when property rent is the appraisal assignment.
The real rent stated in the preceding paragraph refers to the sum of rent payment paid for each rental period by the tenant, and benefits generating from deposit, guarantee fees under landlord’s disposal, and amortization of non-refundable deposit.

New lease and lease renewal shall be distinguished when estimating rent for property.

The following rules can be applied to estimate property rent under a new lease:
1.Estimation of rent using comparison method through cases of new leases as comparable properties.
2.Estimation of net income through multiplying the value of the subject property by rental income rate, with necessary costs included.
3.Estimation of net income during a certain period of time through the analysis of the total income of a business operation, with necessary costs included.

The following rules can be applied to estimate property rent under renewal of a lease:
1. Estimation of rent using comparison method through cases of lease renewal as comparable properties.
2.Estimation of net income through multiplying the normal value of the subject property on the date of value opinion by rental income rate for a renewed lease, with necessary included.
3.Estimation of rent through the net income of the rent specified in the original contract for the subject property, with the rent adjustment after considering the rent trend, and with necessary costs included.
4.Estimation of rent through the part of difference between the original contract rent and the economic rent in the market that shall be attributed to the landlord, and with contract rent added.