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Re: NYC Stabilized Apt & Broker liability

Posted by Marisa on April 28, 2001 at 07:54:12:

In Reply to: Re: NYC Stabilized Apt posted by gary on April 28, 2001 at 01:24:12:

: If it's rent stabilized, the landlord pays. Period. It doesn't matter what the lease or the super says. A "rider" requiring you to pay for heat or hot water or the landlord's children's bar mitzvah would not be legal and would be unenforceable.

Thanks - I'm actually heading over there this afternoon to meet the landlord - good to know in advance.

: I'm not sure what "promises" you're referring to, re the broker. Are you just referring to the heat-hot water stuff?

The broker issue was a more general question relating in this case to the heat issue, but based as well on previous experiences. We once had a broker sell us an apt based on promises of services - T1 line, washer dryer to be installed in the basement, mini-bodega to be put in on the ground floor selling staples (milk, bread, stamps, etc)-all of which we paid a high asking price for in a non-stabilized building, none of which came true.

When does the broker become liable to the information he or she uses to make a sale?

Just curious,M.

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