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The LCB platform is focused on empowering landlords with the tools necessary to motivate and reward tenant behavior. LCB helps renters who have a record of paying their rent on time but have unsubstantial credit scores to obtain housing. Through the LCB tenants can build and share their payment history with potential landlords. [2] [3] [4]
Tenants have reported receiving threats and notices from landlords, demanding that rent is paid on time, despite the pandemic. [57] They have reported tense negotiations with their landlords, in which landlords refused to reduce, postpone, or waive rental payments. [1] [58] They have also reported incidents of intimidation and illegal evictions.
In some states, the landlord must provide the tenant with the name and account number of the bank where the security deposit is held, and pay annual interest to the tenant. Other regulations may require the landlord to submit a list of pre-existing damage to the property, or forfeit the security deposit immediately (because there is no way to ...
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Typically, a landlord has more information about a home than a prospective tenant can reasonably detect. Moreover, once the tenant has moved in, the costs of moving again are very high. Unscrupulous landlords could conceal defects and, if the tenant complains, threaten to raise the rent at the end of the lease.
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. [1] The home can be a house , such as a single-family house , an apartment , condominium , or a housing cooperative .