Method of Determining Proposed Rents
The two acceptable methods of determining proposed rents:
1) MA
RKET STUDY
Eligible market studies should be completed no more than 6 months from the submittal of this form.
OR
2) COM
PARABLES
Eligible comparables must be submitted to document the proposed rents. Submittal requirements are as follows:
•
Attach three (3) recent apartment
comparables and complete the required excel form,
• Comparables must be no more than 3 square miles from the subject property,
• Comparables must include apartment units that are similar in size, amenities, and quality.
Form Authorized By:
*Form must be signed by the signature authority for the property
For City of Phoenix Housing Department Use Only
Program Officer:
By signing, I agree to provide a minimum of 30 days’ notice to all affected tenants prior to the
implementation of a rent increase.
Approved
Denied