{
  "url": "https://classa.info/glossary/fair-market-rent",
  "title": "Fair market rent (FMR)",
  "description": "Negotiated definition of market rent for renewal options.",
  "oneSentenceAnswer": "Negotiated definition of market rent for renewal options.",
  "tldr": [
    "Negotiated definition of market rent for renewal options.",
    "Drafted into renewal options to govern rent at exercise."
  ],
  "keyFacts": {
    "category": "Leasing",
    "regionScope": "US"
  },
  "pageType": "glossary",
  "lastUpdated": "2026-04-01T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/glossary/fair-market-rent), updated 2026-04-01T00:00:00.000Z."
}