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Lease-by-room, also known as individual leasing, is an arrangement whereby a tenant and their roommates pay rent for their own rooms instead of each tenant being equally liable for the rent for the whole apartment. Typically lease-by-room leases are multi-room apartments or townhomes with shared bathrooms and living rooms.
While roommates sharing an apartment may also have a bedroom and share a bathroom and kitchen, an SRO tenant leases the SRO unit individually. [7] SRO units are the least expensive form of non-subsidized rental housing, with median rents even in New York City ranging from $450 to $705 per month. [8]: 117
By 2005, the Trump International Hotel and Tower had the city's most expensive rental apartment, a four-bedroom unit offered at $55,000 per month. [128] Among the units sold at the tower was an apartment that, in 2007, was sold for $18 million and resold on the same day for $21 million. [ 129 ]
[152] [153] Their rent in 2019 was $440 per square foot; [153] Gucci renegotiated the lease in 2020 and received a reduction in rent for agreeing to extend the lease beyond 2026. [152] CONCACAF, the governing body of association football in North and Central America and the Caribbean, used to occupy the entire 17th floor. [154]
Pune is a well known manufacturing and industrial center of India. With an estimated nominal GDP of Rs. 3,31,478 crores for year 2019–20, Pune District is the third largest contributor to the economy of Maharashtra, after Mumbai and Thane. Pune has the fifth largest metropolitan economy and the sixth highest per capita income in the country.
In June 2020, BluSmart also introduced imulti-hour rentals. [19] In April 2021, BluSmart initiated a COVID-19 vaccination drive for its drivers, [20] whose vaccination status is visible on the BluSmart mobile app. [21] BluSmart also launched EV intercity rides from Delhi NCR to Chandigarh, Jaipur. [22]
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