Substandard Housing Affects Your Entire Community
January 18, 2021
Substandard housing is a growing issue. It’s estimated that 330 million urban households worldwide live in substandard housing. In the United States alone there are about six million homes and apartment buildings listed as substandard, and the problem isn’t going away any time soon.
Landlords often ask tenants for a deposit, or “security deposit”, as a condition of moving into a rental unit. The landlord holds the deposit to safeguard his property against the potential risks of allowing a tenant to live there. At the end of the tenancy, the landlord may lawfully elect to use part or all of the security deposit to pay for:
The Online Etymology Dictionary reports that the word “slumlord” came into popular use in 1953, but it derived as a portmanteau of “slum landlord,” which had been used as early as 1893. Needless to say, slumlords’ neglect is not a new problem.
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