Question

List the four methods used to calculate rent at rent review.

Answer 1

The four methods used to calculate rent at rent review are the comparables method, income method, cost method, and market method.

Step-by-step explanation:

The four methods used to calculate rent at rent review are:

1. Comparables method: This method involves comparing the rent of the property in question to the rent of similar properties in the surrounding area.
2. Income method: This method calculates rent based on the income generated by the property. It considers factors such as the property's occupancy rate and potential rental income.
3. Cost method: This method determines rent by considering the cost of owning and maintaining the property, such as property taxes, insurance, and maintenance expenses.
4. Market method: This method uses market data and trends to determine the rent. It considers factors such as supply and demand, vacancy rates, and market rental rates.