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Posted by Sara on January 14, 2000 at 12:26:39:

Is it true that if the occupancy rate falls below 4% in New York City, then a landlord can not sue you for the remainder of your lease's rent? This is based on the fact that the occupancy rate is so low, that the management company would not have a problem finding a new tenant.
Please let me know if this is a wild rumor or not. I am currently sharing an apartment with a roommate and both of our names are on the lease. I need to get out, but don't want to stiff my roommate with the full months rent. If anyone has any suggestions, please let me know.
I must add, that if the lease is broken he already has a place to stay.

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Comments:
: Is it true that if the occupancy rate falls below 4% in New York City, then a landlord can not sue you for the remainder of your lease's rent?  This is based on the fact that the occupancy rate is so low, that the management company would not have a problem finding a new tenant.
: Please let me know if this is a wild rumor or not. I am currently sharing an apartment with a roommate and both of  our names are on the lease.  I need to get out, but don't want to stiff my roommate with the full months rent.  If anyone has any suggestions, please let me know.
: I must add, that if the lease is broken he already has a place to stay.


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