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Real Estate Buzz
 Lynn Porter Real Estate Editor |
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March 12, 2009
Real Estate Buzz: Taking the Hyundai approach to apartments
By LYNN PORTER
Real Estate Editor
Real Estate Editor
National apartment owner and developer Archstone is offering a Lease Assurance Program for its tenants in the New York City metropolitan area who are concerned about the stability of their jobs.
Tenants who sign or renew a lease at the 14 Archstone properties in that area before March 31 can cancel their agreement without penalty if they lose their main source of income due to a layoff without cause during the lease term. They must give at least 45 days notice before vacating.
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Previous columns:
- Real Estate Buzz: Hard work pays off for The Bravern retail, 02-26-2009
- Real Estate Buzz: Properties ‘really starting to feel the pinch', 02-12-2009
- Real Estate Buzz: Justen sees good market for high-end units, 01-29-2009
- Real Estate Buzz: Full speed ahead for Escala condos, 01-15-2009
- Real Estate Buzz: Many apartments will be delayed, scrapped, 01-02-2009
- Real Estate Buzz: Wave of defaults, foreclosures hit in Sept., 12-18-2008
- Real Estate Buzz: Light rail to make suburban hubs a draw, 11-13-2008
- Real Estate Buzz: Apartment towers due for a slowdown?, 10-30-2008