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It is assumed that every tenant benefits from a clean environment, and should share in that cost. An example of a CAM that is charged to only a subset of tenants might be the charges for cleaning the food court area, where all of the vendors in the court collectively cover the higher cost of cleaning the tables on a frequent schedule.
Single-room occupancy (SRO) is a type of low-cost housing typically aimed at residents with low or minimal incomes, [1] or single adults who like a minimalist lifestyle, who rent small, furnished single rooms with a bed, chair, and sometimes a small desk. [2]
Based on the new amendments in the tax code, from 2021 property taxes are calculated based on market value prices, separately for apartments and residential houses. The new amendment removed the previously existing non-taxable property threshold, putting a minimum of 0.05% property tax.
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A record 4.33% of Manhattan apartments were empty in July, up from the previous record of 3.67% reached just a month earlier. And rents have plunged.
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