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[1]: 1 [101] In older buildings, rent control may broaden incentives to renovate individual units: tenants may invest sweat equity and their own money to improve their homes if they are protected from landlords trying to capture the added value, [102] [103] [citation needed] while vacancy decontrol preserves landlords' financial incentive to ...
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The Commercial Vacancy Tax says that landlords with empty storefronts must pay $250 per linear foot of frontage for the first year, $500 for the second year and $1,000 for any subsequent years ...
Rents were gradually deregulated until debate in the 1980s led to the current rental law of 1989 theoretically balancing landlord and tenant relations. However, there was a major homelessness crisis in the winter of 1953–4 and the necessary laws were gradually mobilized producing high levels of construction almost continuously from the 1960s.
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.).
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A landlord is the owner of a house, apartment, condominium, land, or real estate which is rented or leased to an individual or business, who is called a tenant (also a lessee or renter). When a juristic person is in this position, the term landlord is used. Other terms include lessor and owner. The term landlady may be used for the female owners.
The 'Edward Scissorhands' house is up for sale: See pictures of the $700K property. Ethan Alter. March 4, 2022 at 12:06 PM. The exterior of 1774 Tinsmith Circle, ...