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Office of Financial Management and Analysis Division of Tenant Resources 100 Gold Street New York, N.Y. 10038 VICKI BEEN Commissioner LAURIE Prime Assistant Commissioner nyc.gov/hpd Rent Comparable
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How to fill out rent comparable form
How to fill out a rent comparable form:
01
Start by gathering necessary information such as the property address, size, number of bedrooms and bathrooms, amenities, and any additional features that may affect the rental value.
02
Research rental properties in the same area that are similar in size, condition, and location to the subject property. This can be done through various sources such as online listings, real estate agents, or property management companies.
03
Consider factors that may impact the rental value, such as proximity to schools, shopping centers, public transportation, or desirable neighborhoods.
04
Compare the rent prices of similar properties and note any differences in amenities, condition, or location that may affect the rental value. Adjust the rent prices accordingly to reflect these differences.
05
Calculate the average rent price for comparable properties by adding up the rent prices and dividing it by the number of properties.
06
Write down the findings on the rent comparable form, including the property details, comparable properties, their rent prices, and any adjustments made.
07
Provide any additional information or comments that may be relevant to the form, such as market trends or unique circumstances.
08
Review the form for completeness and accuracy before submitting it to the intended recipient or using it for your own records.
Who needs a rent comparable form:
01
Real estate investors or property owners who are looking to set a rental price for their property based on market trends and comparable properties in the area.
02
Property appraisers or assessors who need to determine the fair market rental value of a property for taxation or valuation purposes.
03
Tenants or potential renters who want to compare the rental price of a property they are interested in with similar properties in the neighborhood to ensure it is fair and competitive.
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What is rent comparable form?
Rent comparable form is a document used to compare rental prices of similar properties in a specific area.
Who is required to file rent comparable form?
Landlords, property owners, or property managers are typically required to file rent comparable form.
How to fill out rent comparable form?
To fill out rent comparable form, gather information on rental prices of similar properties, compare the data, and input the findings on the form.
What is the purpose of rent comparable form?
The purpose of rent comparable form is to ensure fair and accurate rental pricing in a specific area.
What information must be reported on rent comparable form?
Information such as rental prices of similar properties, location, amenities, and other relevant details must be reported on rent comparable form.
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