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Equity Residential was sued in a class action in 2017 due to allegations that it charged late payment fees in violation of California law. [20] [21]In 2022, the company agreed to pay approximately $2 million to settle a lawsuit filed by Attorney General for the District of Columbia Karl Racine alleging that the company offered misleading rent discounts on a rent-controlled building in ...
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
Typical duties expected of a property manager include finding/evicting, dealing with tenants, and coordinating with the owner's wishes. In addition, such arrangements may require the property manager to collect rents and pay necessary expenses and taxes, making periodic reports to the owner, or the owner may delegate specific tasks and deal with others directly.
Why was Hollie Strano off the air? Cuyahoga Falls police say they were alerted to a possible intoxicated driver around 7:30 p.m. Nov. 23 and found Strano driving a 2023 Cadillac XT5 SUV erratically.
The station reports police said Strano had a blood alcohol level of 0.244%, more than three times the legal limit of 0.08%. The crash happened in front of the Towpath Tennis Center in Akron, where ...
Oxford Properties ranked first in Sustainability in North America in the Diversified Retail/Office Category by GRESB survey for the fourth year in a row in 2016. [9] GRESB is an industry-driven organization committed to assessing the ESG performance of real assets globally, including real estate portfolios and infrastructure assets. [10]
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Through short-term rental, landlords can make upwards of 30% more than they would on a rent controlled property. [ citation needed ] Thus landlords convert their properties into short-term rental units, and there are fewer long-term housing options available to permanent residents.