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Posted by Akela on March 12, 2001 at 10:06:25:

I live in Manhattan in a pre-war building which is technically a co-op but without a single unit owned by a tenant. All units are sublet from a large management corporation. In addition, the lease requires that we get renters insurance and waive all rights to take legal action against the landlords. The building is a mess but its home. Now they're trying increase my rent by 18%. Is this situation legal or is it just a way of avoiding rent control?

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• Re: Co-op without tenant owners? Sam 03/13/01 (0)

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: I live in Manhattan in a pre-war building which is technically a co-op but without a single unit owned by a tenant. All units are sublet from a large management corporation. In addition, the lease requires that we get renters insurance and waive all rights to take legal action against the landlords. The building is a mess but its home. Now they're trying increase my rent by 18%. Is this situation legal or is it just a way of avoiding rent control?


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