Posted by Real Estate Mogul on March 10, 2001 at 00:27:36:
In Reply to: checking records posted by chelsea on March 07, 2001 at 11:29:01:
NYC real estate has its ups and downs like every industry. And we have regulation as a holdover from World War II era price controls.
A rental lease is a private agreement between landlord and tenant. Either one can reject the other for ANY reason other than racial discrimination. Some reasons are better than others. But a landlord who rejects too many potential tenants only limits his income.
From what I know Chelsea is just angry because she's speant all her rent money on lawyers, yet still got her rent raised. What a loser.
: It's always a seller's market in NYC; that's why we have rent regulation. And that's why landlords get away with saying things like:
: "We don't take gambles on tenants who have EVER been sued by their landlord." Why rule out a potential tenant who may just have had a bad landlord? Might as well reject people who have had parking tickets, or who come from Wisconsin, or who have had a bad case of the flu. Sounds to me like a threat to discourage tenants from exercising their rights.
: : 2. The reason landlords check references, credit reports, landlord-tenant court records, etc., is not so much that it is a seller's market (though it may be) but that it is next to impossible to evict a bad tenant. Accordingly, to keep down the cost in money and time of going to court -- particularly with stabilized apartments -- we don't take gambles on people who have EVER been sued by their landlord, people who have been self-employed for less than three year, people who have been late more than once with their credit cards, people who have more than 10 credit cards, etc.
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