After closing on a home, this is one last opportunity for the former homeowner to get one over on you by requesting 29 days of rent free living.
Realtor: yeah in this market you gotta let them do the rent back for 29 days. Sorry brah. New owner: oh cool! Can't wait to be bent over a barrel one last time with my housing search!
by Clinic4l June 09, 2022
by linuxkidd August 04, 2010
(noun): a situation where so much of a household's income goes to rent that they have to struggle to save enough to buy a home
They have to get out of the rent trap- they’ll never have an opportunity to buy real estate let alone have enough for a rainy day fund
by Newjerseyjustin_realtor June 01, 2023
by YoungFuture23 November 21, 2016
by ArsenalFC2022 February 22, 2022
by NoLimitSean78 October 31, 2023
by RIPMDMBozo May 22, 2022