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Rent Comparability Worksheet Please print clearly Landlord Telephone Tenant/Applicant Unit Address City/Town Inspection Date What is the allowable rent range for the unit What is the current market rent including utilities for this unit After negotiation with the Landlord the Tenant s Gross Rent will be Contract Rent Utilities I certify that the rent for this unit does not exceed rents being charged for comparable unassisted units in the immediate area as required by 24 CFR Sec. 982. 503....
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How to fill out rent comparability worksheet
How to fill out rent comparability worksheet
01
First, gather all the necessary information, including the property details, rental market data, and comparable properties.
02
Next, open the rent comparability worksheet and provide the property details accurately.
03
Fill out each section of the worksheet carefully, following the instructions provided.
04
Start with the subject property information, including the address, number of units, and amenities.
05
Move on to the rental market data section and input the relevant data such as average rent, vacancy rates, and market trends.
06
In the comparable properties section, list the properties similar to the subject property, including their addresses, unit sizes, amenities, and rental rates.
07
For each comparable property, indicate any differences in amenities or features compared to the subject property.
08
Calculate the Rent Comparability Study (RCS) score for each comparable property as per the provided formula in the worksheet.
09
Finally, review and double-check all the entered information before submitting the rent comparability worksheet.
Who needs rent comparability worksheet?
01
Real estate appraisers
02
Property owners
03
Property managers
04
Housing agencies
05
Government departments
06
Banks or financial institutions
07
Investors
08
Real estate agents
09
Legal professionals
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What is rent comparability worksheet?
Rent comparability worksheet is a standardized form used to analyze the rent prices of similar properties in order to determine fair market value.
Who is required to file rent comparability worksheet?
Property owners or managers are typically required to file rent comparability worksheet.
How to fill out rent comparability worksheet?
Rent comparability worksheet is filled out by providing information about the subject property, comparable properties, rental rates, amenities, and other relevant details.
What is the purpose of rent comparability worksheet?
The purpose of rent comparability worksheet is to ensure that the rent prices for a property are in line with market rates and fair to both landlords and tenants.
What information must be reported on rent comparability worksheet?
Information such as property address, number of units, rental rates, amenities, and any other factors affecting rent prices must be reported on rent comparability worksheet.
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