Some Features of Co-Living Space
The former vice president of CIM Group, Aaron Marzwell is a landlord and real estate developer who has directed APPA Real Estate since 2013. Under Aaron Marzwell’s leadership, most of APPA’s housing developments are focused on workforce housing and co-living.
A co-living space is an apartment unit leased to more than one individual. The tenants in a co-living space will have their own individual contracts. This protects a tenant from a quit notice when another tenant fails to pay their rent. Most co-living spaces are furnished, which reduces cost, and they are leased out at comparatively lower rates compared to homes of similar standards in the area.
If you rent a co-living space, you will live under the same roof as other people you may be meeting for the first time. However, you will have your own private bedroom and bathroom. A private bedroom and a bathroom are some of the things that distinguish co-living space from co-housing. Tenants in co-living spaces can prepare for work early without having to take turns in the bathroom.
Originally published at https://aaronmarzwell.blogspot.com.
