Posted by Pete on February 06, 2000 at 20:05:30:
In Reply to: Buying rent controled apt. posted by TR on February 06, 2000 at 16:11:20:
: My mother recently passed away and my father still lives in their 2 bdrm apt. on the upper westside of Manhattan(79th between Columbus & Amsterdam)I have recently moved back in w/ Dad who is close to retireing and moving to a 2nd home upstate. Is the rent control/lease transferrable to my name? Is there an insider price if I wish to purchase and how do I find out what the asking price would be? It is pre-war coop w/ approx 60 units. Mom and Dad have been in the building for 35 yrs. W/lease.
READ ALL THE DHCR RULES for rent control ON TENANT.NET HOME. CLICK ON THAT AT TOP OF FORUM PAGE.
You would have to live with your father in the apartment for
two years to succeed him legally,
DEPENDING ON HIS AGE AND/OR DISABILITY.
Neither you nor your father probably has a right to buy the apartment at the
insider price. The period to exercise that right probably ended a long time ago.
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