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Rental Glossary

What Are Two-Up Two-Down Apartments?

Like the Manhattan Classic Six, there is a particular floorplan jargon that is extremely common in pre-war London. It's called the Two-Up, Two-Down row house. It refers to having no neighbors above and below you, but almost always neighbors...

What is Net Effective Rent?

The net effective rent is the monthly amount the tenant pays to the landlord after factoring in incentives. The term is common when searching for apartments  in New York City, especially during the off-peak winter season. This is when...

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. Instead of asking whether a bedroom can count as a home office, we want to know: can 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....