A San Francisco man who fancied himself a landlord and building manager — but who apparently failed to do more than just collect rent that he didn’t always pay up the ladder — has been ordered to pay hundreds of thousands of dollars to tenants who paid exorbitant sums to live in “squalid” conditions with phantom appliances, exposed wiring, and rodents run amok. [More]
Your average New York City citizens aren’t the only ones who might be pushed from their preferred neighborhood amid skyrocketing real estate prices: after 20 years inhabiting its flagship store on Madison Avenue, Crate and Barrel is leaving the building behind to avoid paying higher rent.
When it comes to courtship, sometimes asking more than once is just too much. That’s why a proposed law in New York City would make it illegal for landlords to offer a tenant a buyout after they’ve already been told that the renter doesn’t want any such deal. But a group representing the landlords says tenants might change their minds down the line.
Carrying around a checkbook all of the time seems outdated even by the standards of America’s grandmas. Why is it, then, that 70% of people who rent their homes write a check every month to pay the bill? That trend is changing, but very slowly. [More]
An article in the Wall Street Journal today forced me to face a difficult truth about myself: I only go to the mall when one of my Apple products breaks or I want to test makeup. I’m not alone in this, apparently, because Apple Stores are replacing department stores as a driver of traffic to malls, and they’ve worked out unique rent arrangements because of that. [More]
The luxury of not having to pay rent or a mortgage payment every month might seem like some kind of fever dream, obtainable only by those scant few who make the rest of us uncomfortably jealous, but one woman in Indiana managed to pull it off not just for a few months or even a year — but for eight years. [More]
A lot of apartment buildings in pricey cities have strict income and credit requirements for potential tenants, but once you’ve got the apartment all that generally matters is that you pay your rent on time and in full. The landlord of one building in San Francisco recently posted a letter telling current tenants that they will have to be re-screened to make sure they are earning at least $100,000 a year and have sterling credit. [More]
The residents of a South Florida apartment complex could be on the street soon — not because they failed to pay their rent or utility bills, but because their landlord has allegedly run up a $14,000 water and sewer tab and won’t pay up.
Grumbling over the rising price of rent? You’re not the only one — across the country, it’s becoming more expensive to rent, with rates rising at a pace that hasn’t been seen since before the financial crisis. Fear of even higher rents might be keeping tenants in their apartments as well, as the vacancy rate was the lowest it’s been since 2001.
Would it be worth having no hot water or gas to cook with for a year and a half, if it meant you could withhold rent for six years? It was worth it for one Brooklyn woman, who has been justified in not paying rent on her loft because her landlord didn’t keep up with basic maintenance or address her safety concerns.
For more than 40 years, finding a rent-stabilized apartment in New York City has been like winning the lottery. Earlier this morning, the U.S. Supreme Court shot down a challenge to the rent-stabilization regulations, meaning at least a million city residents will continue to pay rent that is only a fraction of what their neighbors pay
When a landlord says that the cost of water is included in the rent, one might assume that this landlord is dutifully paying that water bill on time, or at least every few years. But tenants at an apartment complex in Georgia recently found out that the owners of the buildings hadn’t paid the water bill in five years — and that the water would be shut off in a week.
Whenever I bring up the ongoing mortgage and foreclosure fiasco (and yes, this topic does come up often in my casual conversation; which is probably why I’m single), at least one of my renter friends cavalierly states that he or she is happy to not have to worry about having a bank wrongly foreclose on them, or mistakenly seize their stuff. But as the following story shows, that just isn’t so.
If you’re sued for eviction by your landlord in New York state, whether you win or lose the case, your name goes on a list that then gets sold to other landlords looking to screen out potential nuisance renters. Wanting to keep his name and record clean, one Manhattan man has preemptively sued to bar his name from being added to the list.
New data on U.S. housing costs shows that more than half of the nation’s renters are writing rent checks that are at least 30% of their household income, and one in four renters are paying out half their income for shelter.
Maybe you weren’t worried when you heard that Experian was adding rental payments to its credit reports because you’ve always paid your landlord on time. But now it’s time to look deep within your psyche and soul to ask yourself if you’d pass a psychic credit check.
Vanessa’s rent check was stolen somewhere between her mailbox and the property management office. It ended up in the hands of unsavory fraudsters, who altered the check in a decidedly low-tech way: with a Sharpie.
Do you share an apartment or house with multiple people, but aren’t sure how to divide up the rent? Not all bedrooms are created equal, but the Split the Rent calculator can help you figure out who owes what. It accounts for variables like bedroom size, private bathrooms, windows, closet space, and the amount of common space in the home.