---

Posted by MikeW on January 20, 2000 at 17:21:35:

In Reply to: Re: Yo Rich! Do you imagine these things?..HEY its an honest question posted by richard on January 18, 2000 at 19:16:25:

AFAIK, once an apartment is deregulated, it's deregulated forever (unless someone proves it was deregulated fraudulantly).

: 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...

Follow Ups:

---

Note: Posting is disabled in all archives
Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:
: AFAIK, once an apartment is deregulated, it's deregulated forever (unless someone proves it was deregulated fraudulantly).

: : 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...


Optional Link URL:  
Link Title:         
Optional Image URL: 

---