Rent + p.a. I don't understand

[David Acree]

I saw this and I don't understand what it means.  This property is near Sacramento, CA.

Thank you for not laughing at the noobie.....

Potential rent is $50K+ p.a

David.

[Joel Allen]

@David Acree

This isn’t a term I’ve seen often, but based on the context it appears to be “per annum”, which is Latin for ‘per year’.

So, the listing is telling you the potential rent amount is $50K or more each year.

[David Acree]

@joel 

@Joel Allen thanks for the response.  Above in the listing description it said that the 3 units rented for $37,500 annually, and then went in to that p.a. when talking about potential rent.  I was concerned it was something like association dues or something.

What you said makes total sense.  I appreciate the answer.

[Dave Peterson]

You probably already know this, but your offer should be based on current rent and not potential rent.  Even if the market rent is $50k, it will likely take years to reach that number due to rent control restrictions on how much the rent can be raised each year.

[David Acree]

Thank you @Dave Peterson