For example, a five-year, calendar-year lease providing for rent
of $100,000 per calendar year and total rent of $500,000 contains a qualifying rent allocation.
4% as landlords reduced concessions slightly in spite of intensifying competition from condos available for rent
67 pursuant to the guaranty, for rent
owed by Bentley for the remainder of the lease term.
Since last summer, when the city halted rent increases for major renovations, applications for ``owner occupancy'' evictions had jumped nearly 22 percent, said James Hildebrandt, assistant director for rent
stabilization with the Los Angeles Housing Department.
He was paid a limited amount for each day it was available for rent
and a larger amount for each day it was rented to third parties.
Meanwhile, households in the lowest income groups pay more than 60 percent of their income for rent
, largely because they don't get the good rent control deals.
Similarly, if a lessor credits rent paid toward its assumed obligation to make leasehold improvements, the improvements will be considered a substitute for rent
These buyout formulas, similar to Rent Guidelines Board Orders for rent
increases, produce more reasonable buyout levels, and as a consequence, developers have started to rely on this code section in order to vacate their buildings and when performing their due diligence for new acquisitions.