Definition of «affordable rental properties»

The term "affordable rental properties" refers to housing units that are available for rent at a price or payment that is considered reasonable, based on the income and financial situation of the potential tenant. These types of properties are often targeted towards individuals or families who may have a lower income or limited budget, making it easier for them to find suitable accommodation without breaking their budget. The rental cost of affordable housing units is typically below market rate, sometimes with government assistance or subsidies available to help make the rent more manageable. In summary, "affordable rental properties" are homes that are priced within reach and can be rented by individuals who may otherwise struggle to find suitable accommodation due to financial constraints.

Sentences with «affordable rental properties»

  • With plenty of southern charm to go around, renters will be happy to find a wide selection of affordable rental properties including condominium, townhouse and apartment options. (rentersinsurance.net)
  • MPs have urged the government to work with local authorities to deliver affordable rental properties and says that local housing benefit levels should be reviewed to more closely reflect market rents. (politics.co.uk)
  • Because of that, home ownership was out of reach for the middle and lower classes, and even finding affordable rental properties could be difficult in some parts of the country. (ifsautoloans.com)
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