Who completes the Rent Reasonableness survey?
A. Once the property passes inspection, Landlord Services performs a Rent Reasonableness survey. To complete the survey, a random selection of “like” properties in the same census tract is used to compare to the subject property. The location of the property, square footage, number of bedrooms, number of bathrooms, quality, unit type, age and amenities are taken into consideration for determining the reasonable rent for a property.
Related Questions
- Can a tenant choose a property with rent that is higher than the Fair Market Rent established by HUD (or rent reasonableness survey done by the local Housing Authority)?
- How is rent reasonableness determined? Are grantees required to use the "Rent Reasonableness Checklist" referenced in the HPRP Notice?
- What is the HUD ‘rent comparables’ (or rent reasonableness) policy?
