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The tenant screening process typically begins when the prospective tenant (each adult applicant) completes a rental application and pays an application fee and perhaps a holding deposit. Rental applications are designed to collect personally identifying information (name, social security number, date of birth, etc.), address, employment ...
In some cases, a conversion of public housing to PBRA or PBV assistance may result in a situation where the tenant's rental payment [34] exceeds the unit rent. Typically, when a tenant's rental payment exceeds the unit rent, the tenant becomes unassisted, and the unit in which they reside is removed from the HAP contract.
A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
The Los Angeles City Council voted Tuesday to finalize the last of its tenant protection package.
A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1]
In commercial real estate, a tenant inducement (TI) is some sort of consideration given by a landlord in order to attract a new tenant or have an existing one renew their lease. Depending on the contents, the concept may be known as a concession or rent abatement, instead of inducement. There are several different forms of inducements.
In an eviction process, a tenant may raise a defense that the action was brought in retaliation for organizing or joining a tenants union. Any person who retaliates against a tenant for their tenant union activities is liable for damages. Tenants of manufactured home parks and public housing developments have additional rights. Michigan: 2
Community groups should consider how each provision in a CBA will be monitored and enforced. Although financial commitments and other one-time benefits may be fairly easy to monitor, other developer and tenant commitments, such as living wage and local hiring requirements, may be in place for decades and require long-term oversight.