Arizona Lawmakers Propose Ban on Taxing Rent Payments
Estimated Reading Time: < 1 minute The Arizona House Ways and Means Committee voted to move forward a bill that would scrap the rent tax at the city, town and county levels. If enacted, House Bill 2067 would not allow someone to face a tax if they’re leasing property for residential purposes, starting on Jan. […]
41% of Small Businesses Can’t Pay Rent this Month
Estimated Reading Time: < 1 minute More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year. The small business network group Alignable released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said […]
Police warn homeowners of ‘out of town’ scammers trying to sell, rent vacation properties they don’t own
Police in Southampton, New York, are warning real estate agents and homeowners to be on the lookout for “outsider” scammers looking to make a quick buck by reselling luxury properties they don’t actually own. The Long Island hotspot has seen a “skyrocketing” in scams, where most of the homes are second homes, and it could […]
Red Lobster could shut down 135 more restaurants due to rent
Red Lobster is at risk of closing 135 more restaurants if it can’t renegotiate lease terms, according to bankruptcy documents filed last week. The filing lists 228 rejected lease agreements that the company warned would result in losses if continued without adjustments. According to Restaurant Business. The list of rejected leases includes several of the […]
Red Lobster tries to keep Times Square location open, NYC rent battle
Red Lobster is fighting to stay open in Times Square, but the bankrupt seafood chain has just weeks to finalize a deal because its landlord is trying to double the rent, according to information obtained by The Washington Post. The restaurant’s lease at Crossroads of the World expires June 30, and the company is negotiating […]
Renting is slightly cheaper than buying, pushing Gen Z to rent more often than buy
Gen Z spends 30% of their income on home purchases, while Millennials spend 36% of their income. (iStock ) For Gen Z and Millennials, homeownership is an expensive challenge. While renting is still a more affordable option, in some cases, renting can be just as expensive. On average, Gen Z spends 30% of their income […]
Arizona squatter investigation: Trio arrested in scheme to rent out dead person’s home, cops say
Authorities in Arizona have arrested three people on suspicion of plotting to rent the deceased’s home and sell two of his cars. One person was found with stolen property belonging to another deceased person upon his arrest, authorities said. Kevin Andrew Strawbridge, 38, Jami DeMaria, 30, and Cheyenne Keller, 29, were reported to have been […]
TV chef using ‘legal loopholes’ to avoid rent the past 4 1/2 years
Celebrity chef Madison Cowan has relied on soft eviction laws to avoid paying more than $145,000 in rent at her Brooklyn apartment over the past four and a half years, the landlord claims. The British-born former champion of Food Network’s Chopped and Iron Chef is 53 months behind on rent on the one-bedroom Boerum Hill […]
OnlyFans model with three homes says it’s ‘understandable’ for landlords to raise rent
A young landlord who owns multiple properties has revealed why he thinks it’s completely “understandable” for landlords to increase rents. Grace, 26, built her wealth empire by creating content on OnlyFans. She owns her two apartments and her one house and is looking to buy her fourth apartment. She lives in an apartment in Melbourne, […]
Proposed law would limit massive rent hike at Billionaire’s Row Co-Op
A bill proposed by state lawmakers aims to prevent rent hikes for 25,000 co-op apartment residents who live in ground-lease buildings, including some of Manhattan’s wealthiest neighborhoods. There is. Most co-ops own the building and the land underneath it. But there are about 100 co-op buildings in the city, and the land underneath them is […]