What method is used to establish value or rent by surveying similar properties?

The method used to establish value or rent by surveying similar properties is known as a market survey. Conducting a market survey involves analyzing comparable properties in the same area to determine their rental prices or market values. This method relies on gathering data such as recent sales, rental listings, and other relevant information about properties that share similar characteristics, such as location, size, and condition. By comparing these properties, real estate professionals can assess current market trends and set competitive prices for the property in question.

In contrast, property screening focuses on evaluating specific properties based on individual criteria rather than comparative analysis. Tenant examination typically refers to the process of evaluating potential tenants, including their background and financial stability, which is unrelated to establishing property value. An appraisal survey, while it does assess property value, may not always rely solely on the analysis of comparable properties, as it can also include the individual characteristics of the property being appraised. Thus, the market survey is the most accurate method for establishing value or rent through the lens of similar properties.