Shilla Duty Free’s exit from Incheon Airport’s DF1 zone has triggered a rebid, with Lotte and Hyundai among potential bidders and a rent reduction of at least 25% expected after a court ruling, as the airport seeks to avoid vacancy and maintain non-aeronautical revenue.
#YonhapInfomax #ShillaDutyFree #IncheonAirport #RentReduction #LotteDutyFree #DutyFreeBidding #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82751
Who Will Fill the Void Left by Shilla Duty Free at Incheon Airport—Rent Reduction Likely

Shilla Duty Free’s exit from Incheon Airport’s DF1 zone has triggered a rebid, with Lotte and Hyundai among potential bidders and a rent reduction of at least 25% expected after a court ruling, as the airport seeks to avoid vacancy and maintain non-aeronautical revenue.

Yonhap Infomax

@kibcol1049 any chance of a radical government creating rent controls that will reduce rents back down to 1999 levels?
Just imagine the number of landlords scrambling to sell properties that cost them more in mortgage payments than the new rent brings in.
Just imagine the drop in property values as the market gets saturated.
Just imagine the auctions full of repossessed properties nobody wants to buy just in case the values continue to drop.
Now imagine a radical government that jumps in and finances a national body to buy all these properties at knock down prices and rent them out for 1989 levels, which will be the new rent control level. Thereby forcing another round of private landlords exiting the rental market for good.

#UK #Rent #RentReduction #PropertyPrices

Homeplus denies claims of demanding rent reductions through accounting firm, stating it only explained future procedures to landlords amid delayed rent payments and ongoing negotiations.
#YonhapInfomax #Homeplus #RentReduction #LandlordNegotiations #AccountingFirm #CorporateRehabilitation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55349

This could be big for millions of renters across the United States. Many commercial landlords use software called RealPage to set their rents. A class action lawsuit alleges that amounts to price-fixing (in interstate commerce, no less).

#doj #lawsuit #realpage #rentreduction

https://www.propublica.org/article/doj-backs-tenants-price-fixing-case-big-landlords-real-estate-tech

DOJ Backs Tenants in Case Alleging Price-Fixing by Big Landlords and a Real Estate Tech Company

A ProPublica investigation last year about RealPage’s rent-setting software led to federal lawsuits asserting inflated apartment prices.

ProPublica
What you need to know about 'rent reductions' in Ontario | CityNews Toronto https://bit.ly/3Qi0QHG #RTA #RentReduction #Renting #Housing #onpoli @ontariogreens @onpoli
What you need to know about 'rent reductions' in Ontario | CityNews Toronto

In Ontario, if any of the services or amenities included in the lease are not supplied, or taken away at a later date, tenants may be able to pursue a rent reduction.

CityNews Toronto