Virginia legal term
Fair market rental value in Virginia Criminal Law
Current through 2026 Virginia legislative session
In Virginia criminal law, “Fair market rental value” is a term defined by statute rather than by its everyday meaning. Its statutory definition — quoted verbatim below — controls how the term is applied throughout the Virginia criminal code.
What does “Fair market rental value” mean in Virginia criminal law?
"Fair market rental value" means the rent that a rental property will bring when offered for lease by a lessor who desires to lease the property but is not obligated to do so and leased by a lessee under no necessity of leasing. (Va. Code Ann. § 18.2-340.16)
Statutes defining or using this term
Related terms in the same statutes
This reference is informational and is not legal advice.