Friday, July 16, 2010

What does ';indicative rental rate'; mean?

I was looking at a brochure of one company and there was mention of ';indicative rental rate';. Is this the same as the actual rental rate or is this just an estimate? How close is this to the real ';rental rate';?What does ';indicative rental rate'; mean?
Indicative means ';serving to indicate';, so the brochure would be stating an estimate vs actual rate. It's hard to say just how close it is to actual, though. You'd have to know the 'average' rental rates in the community.
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