Can someone offer some clarity here?
I'm appraising some properties for a new client. She owns some defense housing properties and will now be putting them on the "normal" rental market.
My rent appraisals are coming in at around 10% - 15% higher than what the DHA rents were on these properties.
I'm usually pretty much on the mark with appraisals normally.
I have no experience with defence housing or how they work or how they determine rental value - but their rental history seems to be below market value - at least according to my appraisals.
Are they under - rented to offset the guaranteed no vacancy rental periods that they offer?
Does anyone know how they work?
I'm appraising some properties for a new client. She owns some defense housing properties and will now be putting them on the "normal" rental market.
My rent appraisals are coming in at around 10% - 15% higher than what the DHA rents were on these properties.
I'm usually pretty much on the mark with appraisals normally.
I have no experience with defence housing or how they work or how they determine rental value - but their rental history seems to be below market value - at least according to my appraisals.
Are they under - rented to offset the guaranteed no vacancy rental periods that they offer?
Does anyone know how they work?