Posts Tagged ‘Rent’
Weekly Roundup: Landlord confession, piece of Portugal, April building permits, pocket listings, air purifiers, timely Lotto win, recovery threatsMay 17, 2013
Weekly Roundup: Rent squeeze, U.S. price gains, rates reversal, stocks vs. housing, declining buyer regret, best inflation hedge, tomorrow’s marketMay 10, 2013
It is always abundantly, sometimes pungently, clear who lives in some properties that are on the market.
Is it the owner or a tenant? You can tell all too easily.
When I opened the closet door of the Upper West Side apartment in the photo above not long ago, for example, I literally gasped. Like me, you won’t have to tax your brain to know that (more…)
Weekly Roundup: All-cash offers, reality dust-up, high annual sales growth, no-doc loans, Newtown resiliency, worst investments, housing ‘haze’May 3, 2013
Weekly Roundup: Hamptons, celebs, new-home sales, lower interest rates, auction spat, Baby Boomers, marble stains, housing’s headwindsApril 26, 2013
Weekly Roundup: Buyer woes, singer’s many purchases, U.S. price gains, mortgage brokers’ profits, soulful kitchens, millennials’ optimismApril 5, 2013
There is a section of property law that declares tenants’ right to live in conditions not dangerous, hazardous or detrimental to their life, health or safety.
Under the “warranty of habitability,” tenants have the right to a livable, safe and sanitary apartment.
Under the warranty — in other words, guarantee — a unit must provide heat or hot water on a regular basis. Other issues include, leaks, mold, broken plumbing, elevator service in high-rise building and insect infestation.
It is up to the landlord to remediate conditions that make a rental unit unlivable, no matter the cause. If a landlord fails to act, the warranty of habitability provides tenants with the opportunity to obtain financial relief in one of three ways. (more…)