low rent

low rent

1. n. a low person; someone without grace or spirit. (Also a rude term of address.) Look, low rent, where is what you owe me?
2. mod. cheap; unfashionable. This place is strictly low rent.
See also: low, rent
References in classic literature ?
Everybody, he assured her, was well off in Lowick: not a cottager in those double cottages at a low rent but kept a pig, and the strips of garden at the back were well tended.
restaurant for sale in a good area with low rent, this is a good choice.
As an incentive to potential recruits, two city councilmen proposed Friday building apartments on surplus city land and offering low rent to police officers.
Dwellings will be for both sale and rent (a third will be set aside for low rent social housing) and the project includes small workshops and studios with communal facilities such as cafe, nursery and health centre.
Low-income housing availability has decreased in recent years as 20- to 30-year-old housing complexes that were built under federal Housing and Urban Development (HUD) grants fulfilled contractual obligations to offer low rent in exchange for low-interest construction loans.
The nine member board voted for a proposed 4 percent hike in one-year leases and 6 percent for two-year leases, along with a low rent supplement of $15 for those units renting for less than $500.
There is also a low rent supplement of $15 for apartments renting for $500 or less and a minimum rent of $215, equivalent to the welfare shelter allowance for one person.
This was a tremendous property with considerable upside potential, given the relatively low rent levels of some of the existing tenants," said Robert A.
No vacancy factor was approved by the nine-member board, and the same low rent supplement was proposed for those stabilized apartments where the current rent is less than $450.
New leases are calculated using a new formula that can increase rents on a two-year lease by 20 percent and has other low rent supplements and increases based on the length of the previous tenancy.
While the Rent Guidelines Board (RGB) has voted increases of two percent and four percent for new one- and two-year leases respectively, an RGB-approved low rent supplement of $15 for apartments renting for less than $450 (provided the new rent plus guidelines increases does not go over $465), as well as a 5 percent sublet allowance and a two percent increase for rooming house units, are under legal attack by tenants.
The low rent supplement has been changed to $15 for rents of $400 or less, however, it can only be charged if the resulting rent is $415 or less, including the guidelines increase.
Over the past 30 years, New York City lost nearly half of its low rent, private housing through abandonment, arson and foreclosure.
Industry advocates had pleaded with the RGB for a low rent supplement so that these private owners would not be subsidizing the true costs of operating an apartment.
Margulies said under some form of luxury decontrol, the practical effects would be felt in Manhattan with say, low rent apartments in places like Murray Hill going up.
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