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Rents based on real property were redeemable.
The new owner could then set the rents based on an analysis of the rental market.
Rents, based on income, range from $85 to $336 a month.
Another tack is to seek reduced rents based on "warranty of habitability" laws.
Residents who stay will see increases in their rents based on rent-stabilization rules.
Central Rents, based in Commerce, Calif., has 176 stores and annual revenue of $104 million.
Similar(43)
"Renters don't necessarily calculate the rent based on price per square foot," he said.
"We have to pay our rent based on the Thanksgiving market".
Three-bedroom units are only available as affordable housing units, with rent based on renters' income.
I will establish a London Living Rent, based on one-third of average wages, and work to tackle rogue landlords.
But it still paid rent based on percentage, a figure that hovered between $15,000 to $20,000 on good weeks.
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