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I thought it would be cool to have something like this with apartments. A company has apartments all over a city/state/country. A renter can move to any of the
by keanebean86 7y ago
I thought it would be cool to have something like this with apartments. A company has apartments all over a city/state/country. A renter can move to any of the properties without breaking the lease or paying crazy fees. (Dependant on openings of course)
This way the apartment company can keep good tenants and the tenants can move around as needed with less burden.
I don't belive this will work in the realy world because of greed and whatnot but it's a nice idea.
- cornstalks 7y agoEquity Apartments does this here in the Bay Area. I’m sure others do too, though they’re the only ones I’m personally aware of.
- 80mph 7y agoConfirmed, Equity does this nationwide. I've transferred leases in SoCal and the DC metro area. There are a number of requirements, but it was extraordinarily helpful to not have to scramble finding a replacement tenant, so that I could just focus on moving.
- rezz 7y agoRelated Rentals allows you to do this all over the USA fairly seemlessly as long as you’re moving into a more expensive unit.
- skohan 7y agoA friend of mine lives in a housing co-op which works something like this. Rent does not go toward profit: each renter becomes a shareholder in the organization, and rent may only be used to manage existing properties or to buy new properties and expand the network. When a unit becomes available, existing members have the option to move into it before it will be offered to potential new members. Who gets it is decided by a formula based on need and seniority within the network. This might happen when, for instance, a family starts to need more space, or an elderly tenant would like to move to the ground floor. It seems to work well, and makes me wish for more non-profit housing.