Word: hpre
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Harvard Planning and Real Estate (HPRE), landlord to over 1,700 Harvard graduate students and affiliates, has proposed a 3 percent increase in its average rent...
...HPRE determined the rent increases based on an analysis of more than 5,000 Cambridge and Somerville apartments, according to a press release...
...exact increase for tenants depends upon whether or not they live in previously rent controlled housing. Rental rates for previously rent-controlled apartments will increase a flat 3 percent. For other tenants, rent will increase either to the market value determined by HPRE or 3 percent, whichever is less...
...long term protected tenants will be protected in the future," said Susan K. Keller, director of residential real estate at HPRE...
...HPRE's initiatives have set a standard that other tenants are trying to replicate throughout Cambridge, tenant-union leaders said...