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Renters tend to have poorer credit profiles than homeowners: in data from 2010 to 2015, 84% of renters had scores below 550, while only 27% of those with scores over 750 were renters. That makes ...
Blackstone said that despite rent increases, Gonzalez and other tenants interviewed pay "significantly below market." "We aim to provide the best experience possible for our residents," the ...
For those unable to meet this requirement—or to pay the seguro de caución, an insurance policy covering unpaid rent—the options were grim: either move to the city's outskirts or cram into ...
Public housing is priced much below the market rate, allowing people to live in more convenient locations rather than move away from the city in search of lower rents. In most federally-funded rental assistance programs, the tenants' monthly rent is set at 30% of their household income. [2]
Key money is one of several forms of payment made to a landlord. [1] The term has various meanings in different parts of the world. It sometimes means money paid to an existing tenant who assigns a lease to a new tenant where the rent is below market. It sometimes means a bribe to a landlord.
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.
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]