Rent not earned
Realistic achievable annual rent divided by 365, multiplied by the number of vacant days.
See the cost of leaving a rental property vacant while waiting for a higher rent. The calculation includes foregone rent, service charge and any optional recurring expense paid during the vacant period.
Realistic achievable annual rent divided by 365, multiplied by the number of vacant days.
Total area multiplied by the annual service charge rate, then prorated for the vacant period. The annual charge remains payable whether the unit is occupied or vacant.
An optional monthly amount for costs paid while vacant, such as DEWA, prorated for the vacant period.
The 12-month comparison assumes the property is leased immediately at the realistic achievable rent, or remains vacant for the entered period and then leases at the asking rent. It is an estimate and does not predict how quickly a tenant will be secured.
I can review relevant rental evidence, competing listings and the property’s condition before you decide whether to hold the asking rent or adjust it.