Follow 10 Rules for Preparing Rent Comparability Study

At some point in time, you’re likely to need a rent comparability study (RCS) that looks at rents charged at comparable market-rate sites in your area. For example, as a requirement for renewal, most owners with expiring Section 8 project-based contracts must submit a RCS at initial renewal to demonstrate that current rents are at or below comparable “market” rents. Beginning with the date of the initial renewal of the expiring Section 8 project-based contract, the RCS starts a maximum five-year “life cycle,” after which a new RCS is required.