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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.
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High home prices have forced potential first-time buyers to stay in the rental market longer, reducing available units and driving up rent.