Word: tenant
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...retailers cut jobs and move to less expensive offices, the commercial real estate industry is collapsing with astonishing speed. None of the unfinished buildings were erected with cash from the developers. Banks put the money up for the physical location and structure, and perhaps even the rent from tenants, as security deposits in most cases. The land is no longer worth much. The buildings are half empty or unfinished and tenants are leaving, and, in many cases, defaulting on their leases. Lawsuits to get payment of those obligations are long and expensive. As often as not, the former tenant could...
...exist. The subjects were asked to read a passage about a fictional character named Donald who withheld his rent from his landlord because repairs were not made to his home. The details of the story were left ambiguous enough that Donald could easily be perceived as a justifiably aggrieved tenant - or merely a jerk. While they read, different students were asked to extend either the index finger or the middle finger - though to keep the test free of the subtle influence of language, the term "middle finger" was never actually used. Instead, the students were shown a diagram in which...
Robert Burns was born 250 years ago, on January 25, 1759, in Alloway, Scotland. His father was a tenant farmer and his mother never learned to write, but Burns read voraciously and managed to secure a fairly thorough education. His family had very little money - when his father died, he left the family bankrupt - which inspired the egalitarian, anti-authority themes that would appear in Burns' future works...
...bank that has seized the property must now go through the full eviction process. According to Hartigan and Haller, every tenant can expect a much larger payment through this process while staying in his or her home without paying rent...
...Haller—who recently represented a tenant who lost heat, water, and access to his home after the bank changed the lock on the door—says that juries tend to be sympathetic to his clients. In this case, he was awarded over $50,000 for emotional distress and for the diminution of value of the property, and Haller says that there is a “good possibility” that sum will be doubled or tripled...