Sentences with phrase «rent at market rate»

You'll get a huge discount when you buy the property, but you can still rent it at the market rate.

The mayor said his administration was still looking at where exactly to locate the new buildings, and said it would also seek to build some mixed - income development, with half the units renting at market rate.

An alternative plan, which would include two shorter buildings and would not need land use approval from the city, would be sold or rented at market rates and would not include an affordable housing component.

Sell the property to a trusted friend or wealthy relative and then become a tenant and pay the buyer rent at market rates — a much more attractive amount than Treasury bonds are paying now.

Not exact matches

There was no way we would be willing to rent our own house at the then $ 8,800 market rate.

An average workstation rate of $ 565 per person, per month, Sydney is the 11th most expensive key market in which to rent space, while Melbourne is the 13th at $ 480 per person, per month.

The fellowship rents many of these apartments at below - market rates as a service to the community.

When politicians talk about affordable housing they are usually referring to properties that are sold or rented at 80 % of the local market rate.

Then, in 1998, Williams, head of the publicly - funded Harlem Interfaith Counseling Service, was shown by state auditors to be using government funds to rent space at twice the market rate from buildings that he himself had an ownership interest in.

The spending review announced plans to allow social landlords to charge new social tenants intermediate rental contracts at rent levels of up to 80 % of market rates.

Legislators have been telling residents to remain calm as they work out an 11th - hour deal to maintain rent protections that allow for leases at below - market rates.

The program also played into what de Blasio considers his biggest success yet in forcing developers to include affordable housing; the 1,723 - unit Astoria Cove project along the Queens waterfront, where 27 percent of the units are to be available at below market - rate rents.

An increase in the rent threshold at which apartments become market - rate, indexed to rise each year, is a step forward, but it only slows the bleeding — and is well short of de Blasio's target, ending vacancy decontrol completely.

But Mr. de Blasio was quick to point out that, while Mr. Bloomberg's plan would have allowed for predominantly luxury construction, most of the new buildings would be 100 percent below - market, renting at rates affordable to a family of three earning $ 46,000 a year or less.

But such units can be offered at market rate when they are vacated or when the rent has risen to $ 2,500 or more and the state approves such a move.

The bill would increase the vacancy decontrol threshold — the point at which empty apartments can go to market - rate rent — from $ 2,500 to $ 2,700.

Remaining units in new construction would rent at the real estate developer's discretion, also known as market - rate housing.

Some tenants at Independence Plaza are currently under a program that is similar to rent - stabilization, some receive federal Section 8 vouchers to help them pay their rent and some are market - rate.

The developer, Community Preservation Corporation Resources, said it needs at least 70 percent of the units to draw market - rate rents in order for the project to be financially viable.

The bottom line is that in majority of the US housing markets, it is becoming cheaper to own than to rent at the prevailing mortgage interest rate.

We are pleased to announce an opportunity for new and established international project spaces, collectives and galleries to join us at the site, renting at below market rates.

We are pleased to announce an opportunity for a new or established national / international project space or collective to join us at the site, to take a long - term space rented at significantly below market rates.

They wanted to buy the building for us, rent it to us at the rate we had settled on, fix it up (which admittedly would have been an investment that we at that point could not have afforded), and at the end of 10 years sell it back to us at the then market rate (the market was then low).

Scott Pruitt, President Trump's embattled EPA administrator, finds himself under attack this week after news broke that he had rented a Washington townhouse at below - market rates from the wife of a lobbyist who represents major fossil fuel companies.

Some apartments in the 55 - unit building have rents of $ 900 per month, but most will go at market rates, up to $ 2,910 for a furnished, 355 - square - foot unit.

Other controversies have included Pruitt renting an apartment from an energy lobbyist at below market rates, defying the White House to give staff huge pay raises, and dodging normal congressional review procedures to stack positions at the agency with industry flacks.

Now, apartments will traditionally have more appreciation than mobile home parks just because rents are more likely to increase at a faster rate depending on the market.

Also, two other housing markets — Dallas and Denver — moved deeper into the «rent» territory, but at a slower rate than previous quarters, the authors note.

A simple glance at historic trends shows that office rents grew at a much faster rate at this stage of the market recovery in the past.

Sounds like it would go something like this - They buy the house you pick, you agree to a 2 - month security deposit and to rent it for above market rates, you then have the option to buy it after a year at 5 % above their original purchase price provided you can finance it.

«All told, increasing consumer sales, greater demand for space by retailers and insufficient growth in new supply suggest that rents and occupancy will likely be rising at a healthy rate over at least the near term,» writes RBC Capital Markets REIT analyst Rich Moore.

I know this market very well, and the rents are at market rate.

Obviously, assuming the mortgage as - is does not seem favorable since the payments are quite high and between mortgage, taxes, and insurance, the house would barely cash flow at market rent rates, if at all.

Meanwhile, two hot housing markets, Dallas and Denver, continued to move deeper into rent territory but at a slower rate than earlier quarters.

«One of the outstanding questions for the housing market has been whether or not the nation's largest generation — millennials — will purchase homes at rates similar to their parents or if they will continue to rent long into adulthood, or even indefinitely.»

In the second quarter of this year, rental rates for luxury apartments grew at 4.7 percent, while rents on middle market apartments grew by a robust 5.8 percent, data firm Rentcafé reports.

Find out how much rent is generated and whether it is at market rate or under market.

Market While low mortgage rates are undermined by high home prices, buying in southern metros is at times more than 50 percent cheaper than renting, according to Trulia.

The company says vacancy rates will rise slightly to 8.2 %, allowing owners to push rents up slightly and leading to end - of - year growth at the bottom of the market's typical rate range of 2 % to 4 %.

It's clear to many that Atlanta's apartment market is hot: effective rents grew by an average of 7.14 percent in the 12 - month period ending in August, according to Axiometrics, and the metro area's occupancy rate stood slightly over 94 percent at the end of the same month.

The report also looks at which markets are seeing the biggest increases in rental rates in 2015 compared to 2014, and provides rankings of the best safe haven residential rental markets, along with the best markets for renting to Millennials, best markets for renting to Generation Xers, and best markets for renting to Baby Boomers.

Supply has ramped up in several markets, and industry experts anticipate that the new units will affect occupancy and rental rate growth, limiting owners» ability to raise rents and increase net operating income (NOI) at the same impressive levels.

Even though it is now cheaper to own than to rent, with interest rates at record lows and inventories at record highs, most consumers are still shut out of the market altogether.

Going forward, aggressive annual rent rates are likely unsustainable in the long run, and residents are at risk of being priced out at the top end of the market, especially in urban centers.

Many long - term leases contain built - in rent increases over time, while shorter - term leases roll over at the current market rate.

A property manager will save you time by properly marketing your rental at a profitable rate and in the most visible areas to rent your property quickly and keep tenant turnover low.

Exit Strategy: Class B assets are investor favorites, due to decent locations and commanding rents, and can attract other investors at market prevailing cap rates.

Rents for market - rate apartments will start at $ 3,150 for a studio; $ 4,450 for a one - bedroom; $ 5,800 for a two - bedroom; and $ 8,450 for a three - bedroom.

The subject property was rented at fair market rental rates to other people for at least 14 days (or more) during each of the preceding two (2) years; and

The subject property was rented at fair market rental rates to other people for at least 14 days (or more) during each of the following two (2) years; and