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Posted by MikeW on March 20, 2001 at 10:46:02:

In Reply to: We are trying to buy our rental appartment posted by Stephanie on March 19, 2001 at 13:06:36:

... have you checked the history of your building? Is your apartment free market, and if so, did it become free market legitimately. If it is or should be stabilized, you could get back alot of money.

: I have been renting my aparment with my husband in the West Village for 4 years. The rent has been steadily increasing by 5% every year unitl last year where it jumped by 15%. We have a 1 year renewable lease. Our building has about 100 apartments and is owned by a Management Company.
: We would like to buy the apartment but the owner (a Management Company) tells us that it is not for sale, because it is a rental building.
: What are the laws applying to rental buildings? Are there really no way to buy this apartment. How would we go about making them an offer.

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Comments:
: ... have you checked the history of your building?  Is your apartment free market, and if so, did it become free market legitimately.  If it is or should be stabilized, you could get back alot of money.

: : I have been renting my aparment with my husband in the West Village for 4 years. The rent has been steadily increasing by 5% every year unitl last year where it jumped by 15%. We have a 1 year renewable lease. Our building has about 100 apartments and is owned by a Management Company. 
: : We would like to buy the apartment but the owner (a Management Company) tells us that it is not for sale, because it is a rental building.
: : What are the laws applying to rental buildings? Are there really no way to buy this apartment. How would we go about making them an offer.


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