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Posted by richard on January 18, 2000 at 19:16:25:

In Reply to: Yo Rich! Do you imagine these things? posted by TenantNet on January 18, 2000 at 18:30:45:

I was always under the belief that if the aprtment was ever to go under $2000 and the tenants did not make $175,000 that the apartment becomes stabilized again.

That is the reason landlords offer 2-3 months FREE rent with a years lease to prevent any lease to be under $2000... They did that in the early-mid 90's when the lease ends then its back to the unregulated rent.

$2633 rent x 12= 31,596 3 free months- $7900 = 23,696
or $1975 rent x 12= 23,700

same amount.......so why wont Landlord"s lower the base rent if it remains decontrolled? I guess we'll see

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: Rich, your credibility is about as high as the temperature. Since when would
: a destabilized apartment become restabilized if the owner found some reason
: to lower the rent below $2,000? Where in the law does it say that?

: : And heres a tip that will save you thousands of $$$$$$$ when the recession hits:
: : DO NOT TAKE XX FREE MONTHS RENT! Like they did in the early 90's
: : recession...WHY?? ....What you want to do is for the landlord to LOWER the
: : price of the apartment to under $2000 a month to re stabilize the apartment...

Follow Ups:

• Nope. MikeW 01/20/00 (0)

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Comments:
: I was always under the  belief that if the aprtment was ever to go under $2000 and the  tenants did not make  $175,000  that the apartment becomes stabilized again.
:   
: That is the reason landlords offer 2-3 months FREE rent with a years lease  to prevent any lease to be under $2000... They did that in the early-mid 90's  when the lease ends then its back to the unregulated rent.

:     $2633 rent x 12= 31,596  3 free months- $7900 = 23,696
:  or $1975 rent x 12=  23,700

:    same amount.......so why wont Landlord"s lower the base rent  if it remains decontrolled?   I guess we'll see 

: -------------------------------------------------------------------------------------  

: : Rich, your credibility is about as high as the temperature. Since when would
: : a destabilized apartment become restabilized if the owner found some reason
: : to lower the rent below $2,000? Where in the law does it say that?

: : : And heres a tip that will save you thousands of $$$$$$$  when the recession hits:
: : : DO NOT TAKE  XX FREE MONTHS RENT!  Like they did in the early 90's 
: : : recession...WHY?? ....What you want to do is for the landlord to LOWER the 
: : : price of the apartment to under $2000 a month to re stabilize the apartment...


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