Sentences with phrase «term rental issue»

In practical terms, the short - term rental issue pits long - time and year - round residents against investors and their renters.

«Realtors ® should use this argument as their starting principle when discussing short - term rental issues with their clients and local officials.»

Not exact matches

The fine, as reported by the New York Times, was levied under rules issued last year that ban not only short - term apartment rentals, but even the advertising of such opportunities.

One of the most pertinent issues currently facing realtors, and the area at large, said Southold Town Supervisor Scott Russell, is how to manage short - term rentals.

For months, the Town Board has been debating how to handle short - term rentals, a hot - button issue in cities across the country.

In their statement, the Democratic candidates said their own proposal would establish a registry for short - term rentals and place a limit on the number of permits issued.

John Banks, president of the Real Estate Board of New York, said illegal short - term rentals pose safety and quality of life issues for building residents while the building owners are the ones who get stuck paying the fines for the illegal actions of their tenants.

But he added that other issues must also be addressed, including a long - term state plan for supportive housing, an increase in rental assistance levels, and $ 200 million in homeless funds he says the city is still owed.

For months, the Town Board has been debating how to handle short - term rentals, a hot - button issue in cities across the country and in Southold Town specifically.

The three Democratic candidates running for Southold Town Board issued a joint statement Wednesday night calling on the town to abandon its plans for a 14 - night minimum stay requirement on short - term rentals, a law the candidates blasted as «unenforceable» and harmful to the local economy.

And with the rise of sharing economy services such as AirBnB, offering a tiny house as a vacation or short - term rental home could be a way to get around the residency and building code issues of having a second dwelling on your property.

These issues include how to craft regulatory laws surrounding short - term rentals (such as those facilitated by Airbnb), strategies for addressing free speech issues after the Supreme Court's Reed v. Town of Gilbert and regulating new technologies like drones.

The key issue of importance is that of short - term car rental — the basis behind Zipcar.

A declaration was granted that the lease was renewed for the renewal term with the issue of fair market rental rates being referred to arbitration; other incidental relief relating to the Planning Act was also granted.

For the Application Judge, because the Parties failed to agree on a rental rate nine months before the end of the original lease term, McDonald's is obliged to either refer the issue to arbitration or revoke its intention to renew.

She found that because the parties had not agreed on a rental rate at least nine months before the end of the original term, McDonald's was obliged under the Lease to either refer the issue to arbitration or revoke its intention to renew.

In part one of my interview with condo lawyer, Denise Lash, we will chat about the legal issues surrounding AirBNB and short term rentals.

Property Management — Duties & Responsibilities Coordinate regular maintenance and repairs as well as emergency resolution through the efficient management of maintenance team and general / sub-contractors, also participating in restoration and renovation projects to ensure timely completion within designated budgets Develop annual property budget and monitor with monthly variance reports, preparing financial statements and various regular and ad - hoc reports on property status, including occupancy rates and lease expirations Provide relevant oversight and administration to tenant build - outs, utility service termination and transfer, supply purchasing, and building consolidation processes Support firm management to aid in effective customer service, maintenance, and general property operations, delegating important tasks and assignments while overseeing all critical management aspects Organize, manage, and execute all aspects of the lease process, facilitating the ease of operational aspects as well as price / term negotiations, rental agreement reviews, rent collection, impounds, and tenant eviction as necessary Generate increased revenue through tenant referrals as well as consistent lease renewals through effective service and timely issue resolution Identify and develop talent among hired staff and property personnel, utilizing focused training efforts within a performance - based work environment designed to utilize the critical strengths of assistants, supervisors, and techs Provide continuous assessment of property usage and needs, while furnishing oversight and guidance regarding effective preventative maintenance programs, renovation considerations, and cost reduction / control measures Maintain a strong working knowledge of the leasing property, respective marketplace, and general economic trends Act as a liaison between clients, vendors, sales personnel, support staff, and senior management to facilitate information flow and drive operational efficiency

Today, one of the biggest issues affecting the resort and second - home market is the issue of short - term rental ordinances.

Yet the white paper analyzes the issues raised by various regulatory approaches, provides ways to address these issues, and outlines best practices for short - term rental housing that associations and REALTORS ® can use in discussions with local government officials.

Signature Realty, Inc. v. Tallman (303 A.D. 2d 925)-- if there is any doubt or uncertainty as to the meaning of the disputed language in a brokerage agreement, all ambiguity must be resolved against the broker who prepared it; brokerage agreement was, as a matter of law, ambiguous with respect to the issue of whether broker would earn commissions when tenant exercised an option to renew the lease and therefore broker is not entitled to commissions on rental payments during any renewal term of the lease; broker not entitled to restitution in quasi-contract because there exists a valid and enforceable written contract governing the particular subject matter in dispute; dissenting opinion finds that the brokerage agreement is clear with respect to commissions earned and payable and that tenant was obligated to pay a commission to broker at the time the rental payment was due and owing to landlord, including during renewal terms of the lease.

Although he had been investing in real estate since 2008, he first contacted CoreVest at the beginning of 2017 and was quickly issued a term sheet on a selection of single - family rentals.

WASHINGTON (May 13, 2016)-- Mobile and online technology and evolving consumer tastes are changing the dynamics of renting property, and the debate on whether the regulatory response from state and local governments clashes with individual property rights will likely continue, according to speakers at a panel discussion on the current issues surrounding short - term rentals at the 2016 REALTORS ® Legislative Meetings & Trade Expo.

These terms will not only teach the students a valuable lesson, but will also protect the parent - landlord and child from a falling out among friends or other issues that can arise and jeopardize rental income.

She has concerns around myriad aspects of the Condominium Act and condo development in general and continues to lobby around issues ranging from condominium finances and reserve fund management to dispute resolution, sustainability, building safety standards and compliance, short - term rentals, standardization of documents, maintenance fees and much more.

In other words, every property has its issues — sometimes minor, sometimes serious — but it's the landlord's ignorance of those issues that turn an adequate rental into a property that can't attract long - term tenants.