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Re: Does this look right.

Posted by Stacy on November 14, 2001 at 18:22:56:

In Reply to: Does this look right. posted by John on November 13, 2001 at 13:46:54:

The forumlas are right, mostly, although I'm not sure what that "supplementary adjustment" is, and the vacancy allowance should up the rent 20% (I think). The estimates are definitely high--you can always ask them to furnish receipts and prove it. Also, if "electric" involves bringing the electrical set-up up to code, that's not an improvement--it's maintence. Try asking for receipts and more detail.

: I have just signed a lease for an apartment and would like to know if the following (on the rider) looks ok and an explanation if possible:

: Last registered rent and date: 511.08

: vacancy allowance: 91.99 (18%)

: guidelines supplementary adjustment: 64.40

: Rent adjustments:
: New equipment,service,improvement: 531.64
: (new kitchen 8000)
: (appliences 665.74)
: (bathroom 10000)
: (electric 2600)

: Total rent/mth = 1199.16

: This is for a 1 year lease, the est/prices for the work done is way over priced but I suppose there is nothing I can do about that.

: Any comments will help.

: Regards

: John

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