Market rent The rent, on stated lease terms.
Valufield drafts a market rent report from a template built around the lease and the review date, and checks it before review. A separate DA compliance type gives a market value and a market rent for the same property.
A rent, not a value.
Two report types sit on this page, and they are different jobs.
Market rent
States the rent a willing lessor and lessee would agree for defined premises, on defined lease terms, at a stated date. It is not a valuation of the property.
Who usually asks
Lessors, lessees and their solicitors, for a rent review, an option term or a new lease. Also a self-managed super fund with a related-party lease, or a rent dispute.
DA compliance report
Gives two opinions on one property at one date: market value, and market rent per unit per week and per year. The owner uses it to show the council how a consent condition was dealt with.
The lease comes first.
Both types start from a template filled from firm settings and the facts the valuer confirms.
Lease and review basis
The valuer confirms the lease, the review clause and the date. The template states the lease terms the rent assumes, and whether the rent is net or gross.
Evidence, then one rent
The valuer analyses leased evidence, adjusts it and reconciles to a single rent. Rates, adjustments and sales evidence are refused to AI in the database, which may only suggest descriptive wording.
DA compliance has two paths
The portal check is recorded first. For an affordable rent property the condition is quoted and the maximum rent worked out. Otherwise that section and annexure are left out.
Rent rules, in the checker.
The checker says BLOCK or WARN and where to fix it. It checks wording and consistency, not whether the rent is right.
One basis throughout
It blocks a report that mixes net and gross rent. It also looks for sale report wording left in a rent report.
Retail shop criteria
For a retail shop lease it blocks a report that does not deal with the NSW retail leases criteria. It also looks for incentives analysed to an effective rent.
DA compliance rules
It checks that the valuer does not conclude the condition is satisfied, and that yearly rent equals weekly rent times 52. The council decides the condition.
Review and release
A second valuer peer-reviews the recorded file. Release is a separate gated step and never emails the client.
Straight answers.
Does a market rent report value the property?
No. It states a rent on stated lease terms at a stated date. If you also need a market value, use the matching type for that purpose.
Does Valufield decide whether a DA condition is met?
No, and neither does the report. The checker looks for any wording that concludes the condition is satisfied, because that is for the consent authority.
Is there a template for related-party rent?
The market rent type has a check for a self-managed super fund related-party purpose. The templates are NSW-first drafts, so confirm the wording against your own sources.
See it on a job like yours.
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