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Re: Additional Security Deposit

Posted by link on April 24, 2000 at 21:52:27:

In Reply to: Additional Security Deposit posted by Alexis on April 18, 2000 at 13:03:56:

: I have a friend in living in the Manhattan Park Apts. on Roosevelt Island. He had some problems in paying his rent on
: time because his pay comes in the middle of the month from out of the country. He has been informed that his lease
: would not be renewed because of a history late payment. In order to secure the apartment, he had to pay an additional
: three month security deposit totalling $11,000. Now the management is requesting an additional six month security $24,000 to
: renew the lease in addition to what they are holding. Is this legal? It's an exorbitant amount of money and I feel he is being taken
: advantage of because he is a foreigner working with one of the consulates here in NYC. He has paid back any outstanding
: rent that is due and they started proceedings even though they still held a complete deposit. He went to court and
: made arrangements for the outstanding rent which was paid but did not have the proper counsel regarding renewal
: of the lease. What is his recourse at this point?

: Thanks.

Whoever is paying that $4000/month rent for him can afford a lawyer for the court case.

Move out: it's easy to find $4000 rentals. Better, yet: use the 24,000 as a down payment: buy a coop!

Manhattan Park is a 'market-rate' complex. No limit on $$$$ security deposit.

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