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The primary exception is the right to rent a space in a mobile home park, which is frequently transferable, frequently rent-controlled, and frequently subject to French-style "key money" payments to the original tenant in the form of buying the current mobile home at an inflated price. The new tenant can then junk the existing, outdated trailer ...
According to the National Bureau of Economic Research, the number of rental units was reduced by 15% and tenants were 8-9% less likely to move due to rent control. [55] Tenants paid 40% below market rates on their units, and the value of properties was diminished by 45%. [55]
Modern rent controls (sometimes called rent leveling or rent stabilization) are intended to protect tenants in residential properties from excessive rent increases. This is usually done by mandating gradual rent increases or rent freezes, while at the same time ensuring that landlords receive a return on their investment that is deemed fair by ...
Here’s why so many experts have kept expecting shelter inflation to fall—and the rent you pay in your city or town to approach something that seems reasonable again—and why they just don’t ...
Driven by the work-from-home dynamic, as well as by new migration patterns, both single-family and multifamily rent prices were red-hot during the first years of the pandemic.
In general the aid can help pay for back rent, next month's rent and some utility bills. Renters can get a year or more's help in getting caught up on back rent.
The risk of default is spread out over more than one tenant in such NNN deals (e.g., if either Starbucks or MetroPCS goes bankrupt, the other tenant continues to pay the rent due under their NNN lease). Such deals can appeal to investors seeking to spread risk, though the simplicity of collecting one rent check from one tenant is forfeited.
A continued decline in rents wouldn't just be welcomed by the people paying them. It's also good news for the Federal Reserve, which has been raising interest rates to slow price increases ...