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NURSING FACILITY FAIR RENTAL VALUE SYSTEM Background What is the Fair Rental Value SystemFRSVS)? The fair rental value system (FRS) is an alternative to the current Dodge property index which will
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Nursing facility fair rental refers to the fair market rental value that is charged by nursing facilities for the use of their space and services.
Nursing facilities are required to file nursing facility fair rental.
To fill out nursing facility fair rental, the facility must provide information about the fair market rental value of their space and services. This information is typically reported on a specific form provided by the relevant authorities.
The purpose of nursing facility fair rental is to ensure that nursing facilities are charging a fair market rental value for their space and services, and to provide a basis for determining reimbursement rates and other financial considerations.
The information that must be reported on nursing facility fair rental may vary depending on the jurisdiction, but typically includes details such as the facility's name, address, fair market rental value, and any other relevant financial information.
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