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Subtract the written concession value from total lease rent and divide by the lease months. A $2,000 apartment with one month free over 12 months has a simplified effective base rent of $1,833.33.
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Read the fuller guide
- Dallas Apartment Pricing, Concessions and Fees Explained · Editorial source guide
- How to Compare Apartment Rent Specials and Net-Effective Rent · Related topic
Related questions
- What is net-effective rent?
- How does lease length change net-effective rent?
- What costs should be added to net-effective rent?
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