Word: renting
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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...
...Rent increases] are fine as long as they don't become prohibitive," Hendricks said. "I think it's going to be a problem for a lot of families...
...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...
...tenants, rent will increase to market price...