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The rent being asked for the ground-floor space is $150 a square foot annually.
In some cases, Mr. Neville said, the tenant advertises the apartment and the rent being sought.
Crucially, landlords would need to agree to rent being paid at the Local Housing Allowance Rate paid, which is often below the market rate in some areas.
I think there is, in economic terms, a rent being paid that exceeds what is needed for the efficient performance of their function," he told me.
"If a tenant is of good stature, the income is relatively secure and there are few instances in this country of rent being reduced".
(I can envision my rent being $35 dollars a month, but my landlord remains committed to the amount actually stipulated in the lease).
Similar(27)
Rent is cheap.
Rent was around $150.
Rent is expensive.
Their rent is $279.
"My rent is cheap.
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