Knowing what to charge for the home or apartment that you want to rent is important to getting a signed lease. Charging too much will scare off renters and price you right out of the marketplace, leaving you to pay for a vacant space. Charging too little may cause potential renters to b...
[Total Square Feet x Price per Sq Ft. ÷ 12 (months) = Monthly Rent] A similarly sized stand-alone building located one-half mile from that store may only be $11 per square foot. In this example, using an average price of $17 per square foot would be a safe assumption for a bus...
How to calculate FSI? The municipal council of a particular area is responsible for establishing the FSI limit in a certain range, in order to regulate the amount of construction and the size of the buildings in that area. Since FSI is a measure that combines the height and footprint of ...
Is Rent Due After a Natural Disaster? Learn tenant and landlord responsibilities after a catastrophe and the legal steps you need to follow to protect your deposit. Liz Brumer-SmithDec. 11, 2024 How to Break Up With Your Agent Breaking up is hard to do, but when it comes to re...
8 Things to Do When Moving to a New Home Follow this checklist to ensure your new home is truly yours and set yourself up for homeownership success. Robyn A. FriedmanDec. 2, 2024 Home Disaster Prep – And Who's Doing It Younger homeowners are more apt to prep their properties f...
Before we begin, it is important to understand exactly how to calculate your total annual rent expense. To find the total yearly cost to lease your office space, multiply the full-service rental rate (the sum of the base rent and all operating expenses) by the square footage of the space...
Another common method is charging a fixed fee. There are several ways to determine a fixed sum. You can estimate the number of hours it would take you or members of your team to complete the task; other industry standards include charging per square foot if it’s a construction project or...
500-square-foot NY landmark space in Lower Manhattan(pictured above). It’s a renovated venue steeped in history and originally built in 1789, making it ideal if you’re looking to rent a restaurant for a night that has its own distinct vibe. Talk to the host, Tyler, about the event ...
“Property types such as multifamily (apartment buildings) that are able to adjust rents more rapidly tend to be the most inflation-resistant.” He adds that the typical lease term on an apartment is 12 months, after which point the rent amount can be readjusted to reflect the current ...
Rent and associated payments you receive from tenants is income and once it’s over certain thresholds, you must pay tax on it. Legitimate expenses you pay to rent out your property are tax deductible, so you only pay tax on your profits. Tax allowances are also taken into consideration, ...