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“Long-term rentals … provide stable housing and are less vulnerable to sudden legislation changes, as well as ensuring consistent demand and support housing availability for local residents ...
Both short-term and long-term rental owners are required to obtain a business license, but those renting residential property to the same person for less than 90 days must pay 10% state and local ...
These properties can range from a small retail property to a larger industrial or office building. They tend to provide very stable rental income secured by a long-term lease, often triple net ...
Another form is ground rent (solarium) in which a single landlord retains ownership of the land (solum) but leases the surface rights (superficies) which renew in perpetuity or over a very long term. [53] This is comparable to a civil-law emphyteusis, except that emphyteusis shifts the duties of up-keep and making improvements onto the renter. [54]
A typical rental is either annual or month-to-month, and the amount of rent may be different for long-term renters (because of lower turnover costs). Leaving a long-term lease before its expiration could result in penalties, or even the cost of the entire agreed period (if the landlord is unable to find a suitable replacement tenant after ...
The proliferation of short-term rentals can affect those in the area who are looking for long-term rentals. [5] Through short-term rental, landlords can make upwards of 30% more than they would on a rent controlled property. [citation needed] Thus landlords convert their properties into short-term rental units
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The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.