How to Calculate Rent

Calculating the value of renting a property can be a slightly complicated task, but with some basic information and a simple formula, it is possible to reach a fair and suitable value. In this article, we will show step by step how to calculate the rent of a property.

Step 1: Evaluate the property

The first step in calculating the rent of a property is to evaluate its characteristics and conditions. Take into account factors such as location, size, conservation status, infrastructure and amenities offered. These aspects directly influence the rent value.

Step 2: Search the market

Before defining the value of the rent, it is important to research the real estate market in the region where the property is located. Check prices practiced in similar properties in the same area. This will help to have a comparison base and define a fair value.

Step 3: Calculate the value of the square meter

A common way to calculate the rent value is to use the price of the square meter. For this, divide the monthly rental value for the size of the property into square meters. For example, if the rent is R $ 2,000.00 and the property has 100 square meters, the value of the square meter will be R $ 20,00.

Step 4: Consider additional costs

In addition to the value of the rent itself, it is important to consider the additional costs that may be included in the contract, such as condominium, property tax and service rates. These amounts must be added to the rent amount to reach the total amount that will be paid monthly.

Step 5: Negotiate with the owner

After performing all calculations, it’s time to negotiate with the property owner. Present the data and information that underlies the proposed value and is open to listening to the opinion of the owner. Negotiation is critical to reaching an agreement that is good for both parties.

Step 6: Formalize the contract

After reaching an agreement on the rent amount, it is important to formalize the lease. The contract must contain all relevant information, such as rent amount, lease, rules of use of the property and responsibilities of both parties. It is essential that the contract is registered in the notary to guarantee legal certainty.

Following these steps, it is possible to calculate the value of the rent fairly and properly. Remember if you always consider the characteristics of the property, research the market, calculate the value of the square meter, consider additional costs, negotiate with the owner and formalize the contract. Thus, you will be prepared to rent a property safely and quietly.