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Something's strange here

Posted by MikeW on May 15, 2000 at 12:28:08:

In Reply to: Joining the Rent Stabilized Fray posted by Jerry Weinstein on May 15, 2000 at 00:38:10:

There giving you the apartment before the do renovations, renovating, then letting you in? Something seems a little backwards. Usually the LL gets the apartment back, renovates it, applies for the MCI increase, THEN puts it on the market.

How long did they say the renovations will take.

I would be careful. There something vaguely scammy feeling about this deal.

: I hope that this query will be treated with respect. This is my first time posting, and I have observed a wide range of responses (from helpful to indignant).

: My issue: I need to move for June 1st. While I have a 2-bedroom share I can take in Greenpoint, t'mow I am going to look at a 2-bedroom that is rent-stabilized on the Lower East Side. Unfortunately, I am getting this through a broker, for a 5K fee--nearly ALL of my savings. IF the apartment is decent, I have been duly notified by the landlord and broker, that depending on the amount of repairs/Major Capital Improvements, that the rent will increase according to formula.

: Q: Will DHCR give me the prior rent history without being a tenant (or will the verify my tenant status before doing so)??

: Once I have that confirmed (as opposed to extrapolating the figure from the landlord and believing him), I have to wait for a contractor to give my landlord an estimate of the work needed. Now, I want this apartment if the rent stays reasonable, but if it's a wildcard and I might not be able to afford it, I don't want to lose the place in Greenpoint.

: Comments/Suggestions?

: By the way, I am a former rent control tenant of Cambridge,MA -one who saw Rent Control eliminated in my burg. Don't underestimate the power of the NYS real estate interests, they essentially bankrolled the Massachusetts campaign to end rent control, and this went uncovered by media, even The Nation.

: Jerry

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