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The Uniform Relocation Assistance and Real Property Acquisition Policies Act (1970) ("URA") was passed by the U.S. federal government in 1970. It was intended to ensure fair compensation and assistance for those whose property was compulsorily acquired for public use under eminent domain law.
Affordable housing debates are rippling across the U.S., with other private-equity firms landing in the crosshairs of lawmakers after purchasing thousands of homes for longer-term rentals, often ...
The Ordinance provides a new institutional framework for carrying out urban renewal in locations that the private market finds unprofitable. The Hong Kong Government conducted a comprehensive review of "Urban Renewal Strategy" in 2008. After two years' 'community engagement', the new strategy was promulgated on 24 Feb 2011.
Caveat is Latin for "beware". [1] In Australian property law and other jurisdictions using the Torrens title system, a caveat is a warning that someone other than the owner claims some right over or nonregistered interest in the property .
The modern trend in the U.S. is that the implied warranty of fitness for a particular purpose applies in the real-estate context to only the sale of new residential housing by a builder-seller and that the caveat emptor rule applies to all other real-estate sale situations (e.g. homeowner to buyer). [3]
The Urban Redevelopment Authority of Pittsburgh (URA) [1] is the City of Pittsburgh’s economic development enterprise, committed to building a prosperous and equitable economy for the City. The URA helps bridge public and private interests to invest in financially viable equitable developments that promote housing affordability, economic ...
Rental value is the fair market value of property while rented out in a lease. More generally, it may be the consideration paid under the lease for the right to occupy, or the royalties or return received by a lessor ( landlord ) under a license to real property . [ 1 ]
As of August 2016, URA spent US$3.5 million in rent and US$1.5 million in operational expenses annually. [7] In February 2015, [1] the agency began construction of a 22-storey skyscraper to consolidate all the agency offices in the city under one roof and save money in rent and operational expenses. Completion was scheduled for 2018.