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House Rent

Curbed

Your Rent Might Be Going Up This Week

The Rent Guidelines Board increases — which passed, controversially, this June amid the most brutal rental market in years — will finally go into effect at the end of this week. Rents on one-year leases signed between October 1 and September 30, 2023, will go up by 3.25 percent, the highest increase in nearly a decade. And that’s if you’re lucky enough to live in one of the city’s million or so rent-stabilized apartments. For everyone else, well, your rent is probably going up, too. Or at least it’s never going down.
MANHATTAN, NY
mansionglobal.com

Rents Drop for First Time in Two Years After Climbing to Records

Apartment rents are falling from record highs across the U.S. for the first time in nearly two years, offering the prospect of relief to millions of tenants who have seen steep increases during the pandemic. August apartment asking rents nationally fell 0.1% from July, according to a report from property...
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rebusinessonline.com

Net-Lease Tenants in New York Can Appeal Property Tax Assessments

In a far-reaching decision, New York’s highest court has affirmed the rights of tenants under a commercial net lease to protest assessments and reduce their real property tax burden. The ruling reversed a State Supreme Court dismissal of a petition on the grounds that only a property’s owner can file an administrative grievance with the Board of Assessment Review.
MAMARONECK, NY

Readers respond: Rent-control law provides stability

Senate Bill 608 dramatically changed the landscape for tenants and provided stability, transparency, dignity and equity for all Oregon renters. Before SB 608, tenants could and frequently did experience outrageous rent hikes. Reports of mass no-cause evictions were commonplace. Most landlords and housing providers could raise the rent as many times as they wanted to, to any price they wanted to, with no repercussions or recourse for tenants. This led to a tumultuous market of extremely unstable living environments for tenants across Oregon, particularly in the Black, Indigenous and people of color communities, as well as senior/elder, disabled and student communities.
OREGON STATE
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12 least affordable states for renters

Full-time workers are feeling the pinch in today’s rental market. A nationwide housing shortage and skyrocketing property values—coupled with fewer pay raises for the general working population in recent decades—are fueling a squeeze in the rental market. But how affordable is rent in your state? In order to assess affordability, Foothold Technology looked at rent […]
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