Absolute Apartments

Rent stabilized apartments are those which have fixed rent whatever happens with regards to economic factors. The sub-prime credit crunch is one of those factors but be sure to read the fine print when signing contracts for they may have overriding conditions which could allow the landlord to raise rent. If you pass away, your children can inherit so to speak the conditions of your rent as long as they use the said apartment as their primary residence. This allows time for the children of people who have passed away time to adjust and decide if they should move or stay (which should conform with the provisions of the contract you signed with regards to renting expiry, termination and renewal times). There is no harder task than to recover from the loss of a loved one especially a parent when renting and suddenly finding you have no place to stay in.