Word: buys
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Dates: during 1980-1989
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Harvard leased the building 10 years ago with an option agreement allowing it to buy the building when the lease expired, return it to the owner, or resell...
While Harvard is petitioning the Rent Control Board for permission to raise the rents, the University apparently would have gained little from buying the building. In addition, the building was outside a self-imposed "red line" beyond which the University has agreed not to buy residential buildings...
Proposition 1-2-3 is a three-part measure that would amend Cambridge's rent control ordinance to let many tenants of controlled apartments buy their units as condominiums...
Proposition I would allow tenants of rent-controlled apartments to buy the units if they have lived there for two years. Proposition 2 would allow people who have occupied and owned their homes for two years to rent them out exempt from rent control...
According to tenants and Harvard officials, the University bought the building 10 years ago, then sold it to a company called the Neighborhood Realty Trust. The University then leased the building for 10 years, with an option to buy it back, return it to the owners or sell it at the end of that time...