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Updated about 2 years ago on . Most recent reply
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Determining “True” Market Rent?
In my area, I understand it’s typical that the tenant pays for heat, air conditioning and electric while the landlord pays for water, sewer, and sanitation.
When looking at rental comps in other areas (or even my own) how can I possibly tell if rent comps are higher because the landlord pays for utilities, or lower because the tenant pays?
Is it standard practice that rent is listed assuming the utilities are paid the way I initially explained?
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- Real Estate Broker
- Cody, WY
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Quote from @Chris Farinella:
You read the listing description. If that doesn't tell you, contact the listing agent and ask them to explain specifically what the Landlord pays and what the Tenant pays. Even in your area it's not always one way or the other. You need to dig in and research each property indvidually.
- Nathan Gesner
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