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With the explicit goal of driving homeownership, the city of Ogden renovates homes and sells them to residents at a price cap. One critic says the program misses the mark on helping out more people, including renters.
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Some advocates are pushing Gov. Spencer Cox to veto the bill, but AARP Utah says it will help more people stay in their homes.
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The goal of the programs is to aid renters in navigating their options and to help fund relocation if they’re displaced.
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The average number of monthly short-term rental listings in Utah, offered through sites like Airbnb and Vrbo, grew by 39.4% from 2021 to 2023.
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The Utah Bar Association says the state has some of the “least-renter friendly” eviction policies in the country. So what can lawmakers do to help?
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If your lease is nearing its end, “you should have in mind that it’s possible you will be priced out of that residence,” noted licensed Utah paralegal Denise George.
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Utah requires the disclosure of all costs before a lease application fee is accepted. Even so, there’s still a debate on whether rent should be all-inclusive or not.
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It’s a common practice for landlords to require tenants to make at least three times the monthly rent to even be considered for a lease. Landlords say it minimizes risk and lowers the chances they’ll have to evict a tenant for not paying rent.
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Utah has the eighth-highest cost of rent in the nation, said University of Utah’s Andra Ghent. For years, supply has been low and demand high. Here’s the state of the rental market in Utah today.
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High interest rates and inflated house prices continue to prevent many Utahns from buying a home. But there’s a silver lining for renters with an eye for the long haul.
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One Utah realtor has more houses for sale than buyers but her buyers are still priced out.
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After a group of tenants delivered a letter to the Housing Authority of Salt Lake, officials say they will look into the rent hikes.