Determining the right rent can feel like a puzzle—and it’s the most common question we receive when someone lists their property. The law provides guidance, so let’s start there.
Maximum Rent = 4% of the Market Value
– Plus any homeowners’ association or condo fees.
In practice, we often see that this legally allowed rent is higher than actual market rates.
🔍 See current average rents for similar properties in your area: Latest stats here.
Maximum Rent = Your Own Rent + 10–15% (if Furnished)
– If unfurnished, you can only charge what you pay to the landlord.
This category is trickier—under the law, your property is treated like a leasehold.
Maximum Rent = What a Comparable Leasehold Costs in the Area
– You cannot charge 4% of market value. You must follow local comparable rent levels.
Summary
Privately Owned Home
– 4% of market value + fees.
Second-Hand Leasehold
– Your rent + 10–15% if furnished.
Company-Owned or Multiple Units
– Rent must match local leasehold rates.
Need more help? Feel free to reach out!
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