HOUSING FOR STUDENTS INBOSTONWritten by dan the roommate man
Students are finding it even more difficult to find an affordable apartment near campus in Boston area. A high demand for rental property hurts students because landlords prefer to rent to professionals first.A contributing factor to tight market is sale of condominiums as a primary residence rather than a rental unit. During early 90's many condominiums were converted into rentals because owner could not sell it. Today with a recovering economy and low crime rate in Boston, families are returning to city. Since end of rent control, typical rent for most Boston renters has increased to 38% of earned income from 30%. Back Bay and Beacon Hill rents are now averaging close to $2,000 a month up from $1,550 in 1995.
| | WHAT DOES THE TERM "LAST MONTH'S RENT" REALLY MEAN?Written by dan the roommate man
QUESTION:After fives years in a rental house, I have been given a 30 day notice to vacate premises. This was done mid-month after I paid and property manager cashed my check for current month of rent. I also paid "last month" rent when I initially rented this place, plus a security deposit. Since I have paid and property manager has accepted rent for next 45 days, is it still possible to be given 30 day notice mid-cycle? And what becomes of last month rent which is in addition to security deposit? ANSWER: Yours is a common question, but unfortunately, one without a common answer. Never a thoughtless one, I do have a few thoughts to offer. When you prepay a last month's rent, and it is clearly labeled as such, you are paid up for that last month -- whenever it is, even if rent has gone up in meantime. You could say that every time landlord accepts a monthly rent check, he or she acknowledges that you have another month in proverbial housing kitty.
|
