Waleska Velez v. Cuyahoga Metro. Housing Authority, 795 F.3d 578 (2015)

Citation: Waleska Velez v. Cuyahoga Metro. Housing Authority, 795 F.3d 578 (2015)
Parent Document: Waleska Velez v. Cuyahoga Metro. Housing Authority, 795 F.3d 578 (2015)
Jurisdiction: United States (federal)
Effective Date: 2015-07-30
Original Source: https://www.courtlistener.com/opinion/2821966/waleska-velez-v-cuyahoga-metro-... ↗

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Appellants do not appear to dispute Appellee’s assertion that the lessors who employ a
short-term fee do so because of the increased expense associated with the risks and costs of a
shorter lease term. But any rent charge, which is no more than the price of occupying property
for a specific period of time, includes such risks and costs. The price for the tenant’s occupancy
takes into account the term of rental, regardless of whether the term is for three months or twelve
months. Indeed, “the prices charged by suppliers convey information on how they value the
effort and inputs needed for production.” “Price,” A Dictionary of Economics (4th ed., 2013).
The increased rental charge for shorter leases is nothing more than a cost-accounting device
employed by lessors to reflect that they have increased effort, expenses, and risks that are
associated with the shorter occupancy. The best evidence of this, in this case, is the fact that
some lessors simply respond to the increased cost of short-term leases by increasing the rental
rate.

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