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In commercial real estate, a tenant inducement (TI) is some sort of consideration given by a landlord in order to attract a new tenant or have an existing one renew their lease. Depending on the contents, the concept may be known as a concession or rent abatement, instead of inducement. There are several different forms of inducements.
Rent stabilization sets maximum rates for annual rent increases and, as with rent control, entitles tenants to receive required services from their landlords along with lease renewals. The rent guidelines board meets every year to determine how much the landlord can charge. Violations may cause a tenant's rent to be lowered. [4]
Remember to renew your leases. If mom-and-pop landlords have one glaring blind spot, it’s the failure to renew tenant leases in a timely manner and letting them slide to a month-to-month lease ...
Panighel and his partner, for example, are no longer trudging to the realtor every three months to renew lease terms for their 750-square-foot apartment. They are on a yearlong contract with the ...
The New York State Division of Housing and Community Renewal (DHCR) is an agency of the New York state government [1] responsible for administering housing and community development programs to promote affordable housing, community revitalization, and economic growth. Its primary functions include supervising rent regulations through the State ...
Where landlords are proposing to renew a tenancy under section 25 of the act they must state their proposed rent and other terms; the previous requirement for a tenant to serve a counter-notice was withdrawn; tenancies can be extended at the continuing existing rent; either landlord or tenant can apply to a court for an interim rent, and
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