Posted by Anna on April 21, 2000 at 17:26:07:
In Reply to: landlord change and non-payment posted by Mindy on April 19, 2000 at 17:35:48:
: I am curently awaiting a petition for non-payment.
: I live in a rentstabilized room in a hotel.
: The current landlord is collecting payments incurred
: for the period of Sep 98 through now, although I still
: owe some rent for prior to Sep 98. Since receiving a
: demand for payment I have paid additional rent and
: should owe no more for Sep 98 to now.
: However, during Sep 1998 the landlord bought out the
: previous landlord to whom I owed some rent as well for part of 98.
: My question is two-fold:
: 1. When I paid up the rent owed for Sep 98 and
: now, could that money have been applied to my previous
: balance, pre-Sep 98?
YES: it is a standard accounting practice know as FIFO: First In, Firts Out. Any payments pays the oldest debt first, unless otherwise specified. However, I believe that the landlord is supposed to credit it to the month the tenant specifies.
: 2. When ownership of the hotel/building changes, is the new owner obligated to inform tenants about about outstanding balances and attempt to collect.
New owner inherits old debts, leases and other obligations, unless contract of sale specifies.
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