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Noah Braley received a letter on Thursday, July 1, 2021, that his rent would be increasing by $405 beginning in September. Braley lives at 625 N. Garden Street, Bellingham, Wash., in a building ...
Common area maintenance charges ( CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property.
Some rent increases cannot be remedied by working a side hustle or getting a part-time job. If a rent hike is too far out of pocket for a renter to afford, what can they do next? Renters can make ...
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
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 ...
She attributed part of the increase to a lower rental vacancy rate and a limited number of new rentals hitting the market. "So over the last five years, Chicago’s rental inventory has increased ...
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