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Across New York City’s five boroughs in 2023, rent rates grew an average of 8.6 percent compared to just 1.2 percent for wages — the largest gap among the country’s 50 biggest metropolitan ...
At the outset, Red Lobster would be paying $118.5 million in cash rent, about half the chain's annual operating earnings, he wrote. "Red Lobster's real estate sale gives its new owners little room ...
Buying a home has become, well, completely out of reach for many. Increased demand combined with dwindling home supply, supply chain issues, and rising mortgage interest rates have all contributed ...
Demand letter. A demand letter, letter of demand, [1] (of payment), or letter before claim, [2] is a letter stating a legal claim (usually drafted by a lawyer) which makes a demand for restitution or performance of some obligation, owing to the recipients' alleged breach of contract, or for a legal wrong. Although demand letters are not legally ...
Brooke Amendment. “ Brooke Amendment ” is the common name for section 213 (a) of the Housing and Urban Development Act of 1969 (Public Law 91-152) that was sponsored by Senator Edward Brooke III (R-MA), which capped rent in public housing projects at 25% of tenant's income. It amended section 2 (1), paragraph two, of the US Housing Act of ...
Landlord harassment. Landlord harassment is the willing creation, by a landlord or their agents, of conditions that are uncomfortable for one or more tenants in order to induce willing abandonment of a rental contract. This is illegal in many jurisdictions, either under general harassment laws or specific protections, as well as under the terms ...
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