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A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
In the United States [21] and Canada, [22] a commonly accepted guideline for housing affordability is a housing cost, including utilities, that does not exceed 30% of a household's gross income. [23] Some definitions include maintenance costs as part of housing costs. [24] Canada, for example, switched to a 25% rule from a 20% rule in the 1950s.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
But avoiding eviction does not erase any rent owed. Estimates vary, but the Urban Institute said renters owe anywhere from $13.2 billion to $52.6 billion in back rent.
Examples of services often billed to tenants as CAM charges include portering, parking lot striping, parking lot lighting, and landscaping. [1] CAM charges can be broken into two subcategories—controllable and uncontrollable. Uncontrollable CAM charges are taxes, security costs, utilities, and snow removal expenses.
San Diego's city council president is the latest to do so, proposing a ban that would prevent local apartment owners from using the pricing service, which he maintains is driving up housing costs.
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Tax return must be handed by the end of January of the tax year. If payer did it in the previous tax year and circumstances of taxes did not change, then the payer does not have to hand tax return and the tax is assessed automatically by the relevant authority [48] Tax is in two exactly the same repayments by the end of May and November ...