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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...

Net Effective Rent: What it Means and How to Calculate

When you are searching for a new apartment to rent, there are many things you will consider before signing the lease. Location, amenities, the building’s age, and additional factors help us decide whether to rent an apartment or keep...

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....