The Rental Housing referred to like the property and estate owned by someone other than the owner and for such instances, the tenant pays off a periodic and annual amount in the form of the rent to the owner on the mutual agreement. It is one of the aspect needed for your daily living and also a most unaffordable basic amenity. Leaving apart owning a house, even taking a small house in rent in most of the cities is really expensive. And these become even worse for those shifting in search of job and education.
10+ Rental Housing Templates in DOC | PDF
1. Mixed-Income Rental Housing Template
2. National Urban Rental Housing Policy
3. Rental Housing Template
4. Rental Housing Note Template
5. Rental Housing in Informal Settlements
6. Urban Rental Housing Market Template
7. Informal Rental Housing Template
8. Rental Housing Management System
9. Demand for Rental Housing in PDF
10. Rental Housing Inspection Report
11. Regulating the Private Rental Housing
How will you categorize the different Rental Housing?
Step 1: Formal and Informal
The formal rental house is getting into the formal rental agreement and both the tenant/ owner. This must be registered with complete authority. Under the informal rental housing, there is no such registered agreement. The rental housing agreement is the general agreement that is in between the owner and the tenant that is for the creation of the mutual agreement. The tenant agrees to pay the monthly and the annual rent to the owner.
Step 2: Market or commercial based
It is provided by the individual owner or institutions and private rental housing operators like the hotel owners, and the owners finance the construction or the management of the housing, without any assistance or help from the government. These rental housings are for the commercial or the profit-based purposes and it acquires huge revenues and gross income out of it.
Step 3: Need-based
This is relying on the requirement of the different groups like the students, teachers, working men, and women, nurses, construction workers, migrants those who have the source of the income but find it difficult to afford the rent and the total fare required in the rental housing are much higher and expensive for various section of the people. According to the needs and requirements, the value with the amount also changes from time to time.
Step 4: Public-oriented
This referred to the social rental housing owned by the government, local authorities and the entities. These are under the control and possession of the government. The public pays taxes to use it. The public-oriented rentals are usually governed by the government body and the public pays off in the form of the taxes. It is the duty of the government and the authorities to take care of them or the public buildings and monuments.
Step 5: Socially affordable
In this category, the rent is set at the lower level below the market rates to make it affordable for the poor people or the economically weaker sections of the people and low-income group. It may be owned and managed by the governments, local authorities, public sectors undertaking, non profit organizations, private and any other charitable institution. But the rental housing does not include the hotels, lodging houses, etc within it.
How beneficial is the rental housing for temporary settlements?
Especially in developing countries, rental housing is found to be functional in every city. Most of the cities in these countries are dominated by the tenants. It has been formulated that renting does not depend on the household’s aspirations but depending on the availability of the land and demand from the migrants or the people occasionally keep on moving for the sake of work and education. And, for these, the government of different countries is induced to initiate the rental policies.
In most developing countries, the state distributes the public’s land for settlement purposes. And here, the government feels that their own houses would mean that they do not distribute free land other than they should be making money on the sale of the land. In most of the poor nations, invasion of the land by the poor increased land ownership in cities.
Rental housing is an important proportion of urban housing in developing and third-world countries. It is at a higher level in both the city and the country level. And from this, it is understood that renting is an urban phenomenon. Within these developing countries also, the increasing economy of these cities allows the greater mobility of the people from rural areas to the urban areas. And these cities have more than 50% of the tenants in their population.
And the countries that are economically advanced have the highest number of the renting rate that explains the link between renting and economic development, in turn, urbanization. And, developed places have high percentages of the tenant population. In spite of the popular phenomena of self-help housing, the growing scarcity of the free urban lands for building ing cities has decreased greatly. The choices in housing for the urban poor in the urban localities are very constrained.
Within the informal and formal markets altogether comes up with the various type of submarkets based on the tenants, affordability, and choices. General housing markets can be sub-divided into both types of markets like legal or illegal as well as renter or owner. Renters are present all over the market. The government provision dominated the rental by the government and its agencies for employees and the general public.
These are occupied for a short period of time and are called temporary settlements. They are basically in the towns and the cities. The people are mainly engaged in manufacturing, trading, and services. People involved in the temporary settlement are mainly engaged in different types of entities like the job, education and other such things. Therefore, rental housing is for the temporary type of settlement and rent is paid under the mutual agreement between the tenant and owner.