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How can I distinguish asking rent from evidence of actually leased rent near this school?

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California State University, Monterey Bay

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Compare published answers by school

Arkansas State University

Keep three separate figures for an Arkansas State University-area rental: the advertised asking price, rent stated in an executed lease, and rent actually collected. A marketing quote alone does not establish the other two. As a verification method, compare the signed lease's unit, term, payment basis, concessions and charges with identifiable rental receipts and explain differences. Fannie Mae's current General Rental Income Information page illustrates why lease amounts and payment evidence must be reconciled, and imposes its own conditions on when lease agreements can be used to qualify rental income. Follow the actual lender's applicable documentation rules rather than treating this comparison method or an advertisement as loan approval. These sources do not provide a current Arkansas State University-area rent benchmark or evidence that a particular advertised unit has leased.

Sources checked

Auburn University

Keep three separate figures for an Auburn-area rental: the advertised asking price, rent stated in an executed lease, and rent actually collected. A marketing quote alone does not establish the other two. As a verification method, compare the signed lease's unit, term, payment basis, concessions and charges with identifiable rental receipts and explain differences. Fannie Mae's current General Rental Income Information page illustrates why lease amounts and payment evidence must be reconciled, and imposes its own conditions on when lease agreements can be used to qualify rental income. Follow the actual lender's applicable documentation rules rather than treating this comparison method or an advertisement as loan approval. These sources do not provide a current Auburn rent benchmark or evidence that a particular advertised unit has leased.

Sources checked

University of Alabama

Keep three separate figures for a University of Alabama-area rental: the advertised asking price, rent stated in an executed lease, and rent actually collected. A marketing quote alone does not establish the other two. As a verification method, compare the signed lease's unit, term, payment basis, concessions and charges with identifiable rental receipts and explain differences. Fannie Mae's current General Rental Income Information page illustrates why lease amounts and payment evidence must be reconciled, and imposes its own conditions on when lease agreements can be used to qualify rental income. Follow the actual lender's applicable documentation rules rather than treating this comparison method or an advertisement as loan approval. These sources do not provide a current University of Alabama-area rent benchmark or evidence that a particular advertised unit has leased.

Sources checked

University of Arkansas

Keep three separate figures for a University of Arkansas-area rental: the advertised asking price, rent stated in an executed lease, and rent actually collected. A marketing quote alone does not establish the other two. As a verification method, compare the signed lease's unit, term, payment basis, concessions and charges with identifiable rental receipts and explain differences. Fannie Mae's current General Rental Income Information page illustrates why lease amounts and payment evidence must be reconciled, and imposes its own conditions on when lease agreements can be used to qualify rental income. Follow the actual lender's applicable documentation rules rather than treating this comparison method or an advertisement as loan approval. These sources do not provide a current University of Arkansas-area rent benchmark or evidence that a particular advertised unit has leased.

Sources checked

University of Arkansas at Little Rock

Keep three separate figures for a University of Arkansas at Little Rock-area rental: the advertised asking price, rent stated in an executed lease, and rent actually collected. A marketing quote alone does not establish the other two. As a verification method, compare the signed lease's unit, term, payment basis, concessions and charges with identifiable rental receipts and explain differences. Fannie Mae's current General Rental Income Information page illustrates why lease amounts and payment evidence must be reconciled, and imposes its own conditions on when lease agreements can be used to qualify rental income. Follow the actual lender's applicable documentation rules rather than treating this comparison method or an advertisement as loan approval. These sources do not provide a current University of Arkansas at Little Rock-area rent benchmark or evidence that a particular advertised unit has leased.

Sources checked

University of Central Arkansas

Keep three separate figures for a University of Central Arkansas-area rental: the advertised asking price, rent stated in an executed lease, and rent actually collected. A marketing quote alone does not establish the other two. As a verification method, compare the signed lease's unit, term, payment basis, concessions and charges with identifiable rental receipts and explain differences. Fannie Mae's current General Rental Income Information page illustrates why lease amounts and payment evidence must be reconciled, and imposes its own conditions on when lease agreements can be used to qualify rental income. Follow the actual lender's applicable documentation rules rather than treating this comparison method or an advertisement as loan approval. These sources do not provide a current University of Central Arkansas-area rent benchmark or evidence that a particular advertised unit has leased.

Sources checked

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