If you intend to buy the property, extend it or build it or change its intended use with the objective of leasing it, you must also predict future possibleincomes obtainable from renting individual portions, and compare them with the amount to be spent due to all costs, in order to determine the percentage of gross return on the money invested. If you wish to check the net return you will need to to deduct these following fees , that are called expenses by the owner's party:
- Taxes on rents;
- Depreciation of the property;
- Quotes for extraordinary maintenance;
- Quotes for vacancy ;
- Administration expenses.