Stated rents and actual rents
Gaps between the seller’s rent roll and signed leases.
Where the gap comes from
- A rent quoted above the signed lease
- An increase planned but never sent
- A unit occupied by the owner
- Parking billed separately and left out
How to verify
Ask for leases and bank statements. The lender will run the same check before lending.
Why the gap matters so much
A hundred dollars of overstated monthly rent inflates value by several thousand.
The lender counts the lease rent. Your down payment absorbs the difference.
The owner-occupied unit
Sellers sometimes list a theoretical rent for their own unit.
The lender then applies a market rent, often below the seller’s estimate.
What to insist on
Ask for leases before the inspection deadline ends. A refusal is itself an answer.
What the rent registry shows
The lease states the rent paid by the previous tenant.
That information limits the increase you can ask for.
A seller who omits it leaves you to find the constraint after buying.
What to write into the offer
Require delivery of the leases as a condition of the offer.
Set a precise deadline, and state what happens if it is missed.
Without that clause, you learn the real rents too late.
