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Rental Glossary

What does FRBO Mean?

Many New Yorkers are familiar with terms such as sublet, lease break, no fee, etc. However, there are a plethora of other terms and acronyms that are utilized in real estate. For example, the acronym, FRBO. You may be...

What are lofts?

Lofts have grown in popularity over the decades in major cities across the United States. They are known for their unique designs and associated with open and spacious layouts, large windows, and high soaring ceilings. Renters who desire something...

What is a Month to Month Lease?

Most folks generally think of a 12-month long lease whenever the topic of renting comes around. However, as we’ve previously explored, lease terms can be anything that the landlord and the renter have agreed upon. Most renters will opt...

What is Prorated Rent?

When you pay rent for an apartment, you’re pre-paying for the entire future month. During a lease signing, most landlords and management companies ask for the first month’s rent in the form of a cashier’s check. From then on,...

High Rise Apartments in New York

New York City is the United States' most populous city. With over 8.2 million residents spread out over 304 square feet of land. It's no wonder that New York City also holds the title of the densest populated city....

What is an Estoppel Certificate? 

If you’ve just checked your mail and received an estoppel certificate, it may seem convoluted and confusing. It can be tempting to recycle the certificate or simply sign it without knowing the full conditions of the agreement. Yet estoppel...