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Why does an increase in rent wreck people's lives? Also what does super nominal pricing mean? And anyone can sign a lease for 9 years. But the vast majority
by JamesBarney 8y ago
Why does an increase in rent wreck people's lives?
Also what does super nominal pricing mean?
And anyone can sign a lease for 9 years. But the vast majority of tenants do not want to make a commitment for that long.
And they could also sign a lease with an option to renew for up to a number of years similar to a commerical lease. But again no-tenant wants to pay the option cost.
- romed 8y agoNo landlord in America will give you a nine-year lease on residential property. You need the power of law to step in and set those boundaries. Super nominal: greater than the rate of general inflation.
- westbywest 8y agoLeases aren't offered with such flexibility in markets where the supply of available housing is small. I'm also interpreting "available" to mean available at a resident's income level, i.e. overlapping with "affordable." You sign the lease that's offered, or it goes to next candidate tenant.