Additional Homeowner Resources
Unsure of how much you should rent your place for or looking for a lease agreement? Keep reading below for additional homeowner resources.
How much should I charge?
There are a lot of factors to take into consideration when deciding how much you should charge for a unit. Rent price often varies based on the length of the lease, layout/configuration of the house, if utilities are included or not, furnishings, number of occupants, parking, whether you allow pets, and more.
Below we compiled a list of resources to assist you in determining how much to charge for rent.
Market Rate for Rentals
The Mammoth Lakes Chamber of Commerce Workforce Housing Program acts as the “missing middle” for individuals earning an average median (AMI) of 80-120%. An individual with an 80% AMI makes $56,850 annually. If the principle of paying 30% of gross income on rent applies, a person with an 80% AMI should spend about $1,421, including utilities for rent monthly.
Mammoth Lakes Low-Income Housing
In order to qualify for low-income housing in Mammoth Lakes, an individual's average median income must be below 60% AMI, which equates to making less than $36,240 annually. If the principle of paying 30% of gross income on rent applies, a person with a 60% AMI should spend about $905, including utilities for rent monthly. This is a general guideline, but not one size fits all advice. Getting accepted into these units requires an extensive application process and likely a waitlist.
Click here to view income limits for Mono County.
Lease Agreement
A lease agreement is a legally binding rental contract between the landlord and the tenant(s). The agreement describes the property, specifies the monthly rent, and lists responsibilities for both parties. After signing, the tenant is responsible for paying any dues before access is given to the premises. Once signed, both the landlord and tenant are bound to the terms of the agreement until the lease end date.
If you need a lease for your property, a few options are below.
Master Lease Agreement
We offer a FREE master lease agreement written by Attorney Robert Brumfield. The master lease agreement includes:
- Lease Agreement
- Move-in Checklist
- Lead-Based Paint Disclosure
If you are interested in taking advantage of this master lease agreement please send your request to workforcehousing@mammothlakeschamber.org
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