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Slumlord
A slumlord (or slum landlord) is a slang term for a landlord, generally an absentee landlord with more than one property, who attempts to maximize profit by minimizing spending on property maintenance, often in deteriorating neighborhoods, and to tenants that they can intimidate. Severe housing shortages allow slumlords to charge higher rents, and when they can get away with it, to break rental laws. The term "ghetto landlord" has also been used. A "retail slumlord" is one who keeps a shopping mall in a bad shape until the government buys or confiscates it. The origin of the phrase "slumlord" is unknown, but an early mention can be found in a 1927 journal article titled, "Theories, Facts, and Figures" by William L. Hare in the Academic Journal "Garden cities & town planning; a journal of housing, town planning & civic improvement." Hare credits the 'polemical press' of the time for referring to landlords of areas referred to as slums as slumlords. Operation Traditionally, rea ...
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Landlord
A landlord is the owner of a house, apartment, condominium, land, or real estate which is rented or leased to an individual or business, who is called a tenant (also a ''lessee'' or ''renter''). When a juristic person is in this position, the term landlord is used. Other terms include lessor and owner. The term landlady may be used for the female owners. The manager of a pub in the United Kingdom, strictly speaking a licensed victualler, is referred to as the landlord/landlady. In political economy it refers to the owner of natural resources alone (e.g., land, not buildings) from which an economic rent is the income received. History The concept of a landlord may be traced back to the feudal system of manoralism (seignorialism), where a landed estate is owned by a Lord of the Manor (mesne lords), usually members of the lower nobility which came to form the rank of knights in the high medieval period, holding their fief via subinfeudation, but in some cases the land may also ...
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Slum
A slum is a highly populated urban residential area consisting of densely packed housing units of weak build quality and often associated with poverty. The infrastructure in slums is often deteriorated or incomplete, and they are primarily inhabited by impoverished people.What are slums and why do they exist?
UN-Habitat, Kenya (April 2007)
Although slums are usually located in s, in some countries they can be located in suburban areas where housing quality is low and living conditions are poor. While slums differ in size and other characteristics, most lack r ...
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Svenska Dagbladet
''Svenska Dagbladet'' (, "The Swedish Daily News"), abbreviated SvD, is a daily newspaper published in Stockholm, Sweden. History and profile The first issue of ''Svenska Dagbladet'' appeared on 18 December 1884. During the beginning of the 1900s the paper was one of the right-wing publications in Stockholm. Ivar Anderson is among its former editors-in-chief who assumed the post in 1940. The same year ''Svenska Dagbladet'' was sold by Trygger family to the Enterprise Fund which had been established by fourteen Swedish businessmen to secure the ownership of the paper. The paper is published in Stockholm and provides coverage of national and international news as well as local coverage of the Greater Stockholm region. Its subscribers are concentrated in the capital, but it is distributed in most of Sweden. The paper was one of the critics of the Prime Minister Olof Palme, and in December 1984 it asked him to resign from the office following his interview published in ''Hufvud ...
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Panorama (TV Series)
A panorama (formed from Greek πᾶν "all" + ὅραμα "view") is any wide-angle view or representation of a physical space, whether in painting, drawing, photography, film, seismic images, or 3D modeling. The word was originally coined in the 18th century by the English (Irish descent) painter Robert Barker to describe his panoramic paintings of Edinburgh and London. The motion-picture term ''panning'' is derived from ''panorama''. A panoramic view is also purposed for multimedia, cross-scale applications to an outline overview (from a distance) along and across repositories. This so-called "cognitive panorama" is a panoramic view over, and a combination of, cognitive spaces used to capture the larger scale. History The device of the panorama existed in painting, particularly in murals, as early as 20 A.D., in those found in Pompeii, as a means of generating an immersive "panoptic" experience of a vista. Cartographic experiments during the Enlightenment era prece ...
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Social Housing
Public housing is a form of housing tenure in which the property is usually owned by a government authority, either central or local. Although the common goal of public housing is to provide affordable housing, the details, terminology, definitions of poverty, and other criteria for allocation vary within different contexts. Public housing developments are classified as housing projects that are owned by a city's Housing authority or Federally subsidized public housing operated through HUD. Social housing is any rental housing that may be owned and managed by the state, by non-profit organizations, or by a combination of the two, usually with the aim of providing affordable housing. Social housing is generally rationed by a government through some form of means-testing or through administrative measures of housing need. One can regard social housing as a potential remedy for housing inequality. Private housing is a form of housing tenure in which the property is owned by an i ...
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Lease
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: * A lease in which the asset is tangible property. Here, the user '' rents'' the asset (e.g. land or goods) ''let out'' or ''rented out'' by the owner (the verb ''to lease'' is less precise because it can r ...
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Landlord And Tenant Acts
Landlord and Tenant Act (with variations) is a stock short title used for legislation about rights and responsibilities of landlords and tenants of leasehold estate in Hong Kong, the United Kingdom and the United States. List Hong Kong *The Landlord and Tenant (Consolidation) Ordinance 1947 *The Distress for Rent Ordinance 1883 United Kingdom *The Landlord and Tenant Act 1709 *The Landlord and Tenant Act 1730 *The Landlord and Tenant Act 1851 *The Landlord and Tenant Act 1927 *The Landlord and Tenant (War Damage) Act 1939 *The Landlord and Tenant (Rent Control) Act 1949 *The Landlord and Tenant Act 1954 *The Landlord and Tenant Act 1985 *The Landlord and Tenant Act 1987 *The Landlord and Tenant Act 1988 *The Landlord and Tenant (Covenants) Act 1995 The Landlord and Tenant Acts 1927 and 1954 means the Landlord and Tenant Act 1927 and the Landlord and Tenant Act 1954. Saturday, 22 May 2021 United States *The Uniform Residential Landlord and Tenant Act (1972) See also * List ...
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Rent Control
Rent regulation is a system of laws, administered by a court or a public authority, which aims to ensure the affordability of housing and tenancies on the rental market for dwellings. Generally, a system of rent regulation involves: *Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization *Eviction controls: codified standards by which a landlord may terminate a tenancy *Obligations on the landlord or tenant regarding adequate maintenance of the property *A system of oversight and enforcement by an independent regulator and ombudsman The loose term "rent control" covers a spectrum of regulation which can vary from setting the absolute amount of rent that can be charged, with no allowed increases, to placing different limits on the amount that rent can increase; these restrictions may continue between tenancies, or may be applied only within the duration of a tenancy. As of 2016, at least 14 of the 36 OECD countries have ...
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Property Tax
A property tax or millage rate is an ad valorem tax on the value of a property.In the OECD classification scheme, tax on property includes "taxes on immovable property or net wealth, taxes on the change of ownership of property through inheritance or gift and taxes on financial and capital transactions" (see: ), but this article only covers taxes on realty. The tax is levied by the governing authority of the jurisdiction in which the property is located. This can be a national government, a federated state, a county or geographical region or a municipality. Multiple jurisdictions may tax the same property. Often a property tax is levied on real estate. It may be imposed annually or at the time of a real estate transaction, such as in real estate transfer tax. This tax can be contrasted to a rent tax, which is based on rental income or imputed rent, and a land value tax, which is a levy on the value of land, excluding the value of buildings and other improvements. Under a p ...
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Speculation
In finance, speculation is the purchase of an asset (a commodity, good (economics), goods, or real estate) with the hope that it will become more valuable shortly. (It can also refer to short sales in which the speculator hopes for a decline in value.) Many speculators pay little attention to the fundamental value of a security and instead focus purely on price movements. In principle, speculation can involve any tradable good or financial instrument. Speculators are particularly common in the markets for stocks, bond (finance), bonds, commodity futures, currency, currencies, fine art, collectibles, real estate, and derivative (finance), derivatives. Speculators play one of four primary roles in financial markets, along with hedge (finance), hedgers, who engage in transactions to offset some other pre-existing risk, arbitrageus who seek to profit from situations where Fungibility, fungible instruments trade at different prices in different market segments, and investors who s ...
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Flipping
Flipping is a term used to describe purchasing a revenue-generating asset and quickly reselling (or "flipping") it for profit. Within the real estate industry, the term is used by investors to describe the process of buying, rehabbing, and selling properties for profit. In 2017, 207,088 houses or condos were flipped in the US, an 11-year high. In the United Kingdom, "flipping" is used to describe a technique whereby Members of Parliament were found to be switching their second home between several houses, which had the effect of allowing them to maximize their taxpayer funded allowances. Types Wholesaling and assigning a contract Wholesalers make a profit by signing a contract to purchase a property from a seller and then entering into an agreement with a third party to sell their role of buyer in the contract to an end buyer. All rights to the original purchase contract are assigned to the new buyer and the new buyer pays an "assignment fee" to the wholesaler in order to gain ...
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