If a tenant's total payment is $75 and utility allowance is $25, what is the tenant rent?

Prepare for the Multifamily Housing Specialist Certification Test with flashcards and multiple-choice questions. Each question features hints and explanations to bolster your study. Get exam-ready now!

To determine the tenant's rent, it’s important to understand the concepts of total payment and utility allowance. The total payment is the amount the tenant pays, which in this case is $75. The utility allowance represents the amount deducted from the tenant's total payment for utilities that are covered separately.

Here, the utility allowance is $25, which should be subtracted from the total payment. Thus, the tenant's rent is calculated as follows:

Total Payment - Utility Allowance = Tenant Rent

$75 - $25 = $50

Therefore, the tenant’s rent is indeed $50. This calculation reflects the actual rent amount that the tenant is responsible for, separate from any utility costs covered under the allowance. Understanding this basic formula is crucial for managing rental agreements and tenant obligations effectively in multifamily housing situations.

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