Rental Glossary
What is Net Effective Price?
The Net Effective Price is the monthly rent paid by a tenant to the landlord after factoring in free rent incentives included at lease signing. The term is common when searching for apartments for rent in NYC, especially...
Can a Home Office be a Bedroom?
Don't worry, this is not a tax deduction discussion related to whether you can expense your bedroom as a home office as far as the IRS is concerned. Instead of asking whether a bedroom can count as a...
What does net effective rent actually mean and what do I end up paying?
When you are searching for a new apartment to rent, there are lots of things you will consider before signing on the dotted line. Location, proximity to amenities, how old the building is, and many more factors all go...
Renters Insurance: Why is it important and what does it cover?
Renters insurance (often called tenants insurance) is a policy that provides renters with a number of different benefits. While the property owners will insure the physical dwelling, this renters insurance often covers the tenant’s personal property within that dwelling....
