Sentences with phrase «tenant at market rate»

I would then simply motivate him to leave at some future data and bring in a new tenant at market rate.

Not exact matches

Many believe the goal is to squeeze them out so the building's property management firm can re-list the units at market rates, well above what the current tenants are paying.

They are buying at the top end of the market, focusing on top credit tenants and top locations, and they are willing to pay aggressive cap rates to acquire those assets, he adds.

«Even in the worst - case scenario, the vacancy rate peaks at 14 per cent, which is a tenants» market,» he said.

In October that year, it was alleged that loopholes in the Right to Buy arrangements were being abused by property developers, which were bribing tenants to buy their homes and let them out at market rates.

There is said to be widespread evidence of developers encouraging paying council tenants to buy their homes - often without regard to their ability to afford the mortgage - in order to let their homes out at the market rate.

Also at 10:30 a.m., Albanese holds a press conference on building market rate housing on public land; market rate tenants to occupy upper floors; «poor floors» for everyone else, NYCHA Holmes Towers, 1780 First Ave., Manhattan.

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.

The battle broke out earlier this year after Stonehenge Partners reserved the gym at Stonehenge Village at 135 West 96th Street strictly for market - rate tenants.

Onondaga County Comptroller Robert Antonacci on Wednesday criticized the county's convention center for leasing parking spaces at a substantially below - market rate to tenants of a downtown office building owned by one of County Executive Joanie Mahoney's biggest donors.

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.

Ms. Olatoye's proposed program would use open space at the developments to construct 13,500 below - market - rate apartments — contributing to the mayor's ambitious affordable housing agenda — and 3,500 units for more upscale tenants.

From performing ongoing operational responsibilities to driving marketing strategies to attract new tenants, I excel at assessing resident needs, overseeing fellow employees, and developing effective procedures to enhance tenants» quality of life and rate of retention.

«In early 2001, we began being very aggressive in renewing tenants,» Freedman says, adding that AMB closed below - market deals at the time, but the rental rates the firm was able to negotiate were more favorable than today's market.

A lack of available space has created a landlord's market in most areas, with tenants looking at either higher rental rates or having to search for alternative locations.

«The flight to safety by bond market investors in the post-global financial crisis world drove more cap rate compression,» for both grocery - anchored shopping centers and single tenant net lease deals, according to Jim Costello, senior vice president at RCA.

«Going into this year, the big question mark is going to be how much the recent rise in interest rates is going to affect the single tenant market, as well as investment sales overall,» says Britton Burdette, a director at the Stan Johnson Co. in Atlanta.

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.

Real estate investors are most interested in sale / leaseback transactions, whereby, the seller becomes a tenant to a new landlord agreeing to a long - term lease at market rates, as was the case with Hackensack, Crystal Run, and CHP.

As Rocket Lawyer notes, «In a rental market with lower occupancy rates, the potentially high turnover associated with shorter lease agreements may prove problematic, as new tenants may not be at the ready.

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.

I am getting ready to do another year lease with my tenant who has rented from me for many years at under market rates.

While one might argue that a property can be leased at market rates, the simplified yield calculation does not inherently include the loss of revenue through the down time or the costs involved in securing a new tenancy (such as tenant improvements, inducements, commissions).

Tenants reportedly paid twice the market rate to lease space at the center.