Standard of Comparable Rental

4534.1 - Standard of Comparable Rental (Rev. 1, 05-21-04) Charges against CMS funds for office space must not exceed the rental rate of comparable privately-owned space in the same or similar locality. Although the rental rate of comparable privately-owned space is not a fixed amount for any particular locality, and the rental rates may vary within a locality as well as between localities, it is expected that a realistic determination of the rental rate of comparable privately-owned space be made. Keep on file the basis and documentation for establishing the rental rate of comparable privately-owned space.