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Mid-America Apartment Communities (MAA) is grappling with two lawsuits for its rent late-fee practices. These lawsuits expose the company to a potential aggregate of $63 million in damages.
North Carolina law allows landlords to charge up to $15 or 5% of the rent, whichever is greater, in fees for rent that is late. Furthermore, a late fee can only be charged one time for each late ...
As of December 2022, the company owned about 83,000 rental homes in 16 markets. [3] The Wall Street Journal described Invitation Homes as competing "at the high end of the rental market". Tenants are typically in their late-30s with children and household income of approximately $100,000. [14]
Late fees are generally calculated on a per day, per item basis. Organizations encourage the payment of late fees by suspending a client's borrowing or rental privileges until accumulated fees are paid, sometimes after these fees have exceeded a certain level.
(Reuters) -The U.S. Federal Trade Commission passed a rule on Tuesday requiring ticket sellers, hotels and vacation rental sites to disclose total prices, including fees upfront, prohibiting them ...
The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental contracts) cover such rentals since they typically do not result in recordable deeds.
Mom of 5 Reveals Steep Rent for N.Y.C. Apartment She Uses for 'Storage' — Despite Having $12K Apartment Across the Hall (Exclusive) ... for sale on September 8 ... The late actor’s home was ...
Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings.