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Buy-Outs Are Completely Legal

Posted by MikeW on July 25, 2001 at 10:12:11:

In Reply to: Buy-Outs Are they legal? posted by Stacy Rosenstock on July 25, 2001 at 00:36:08:

Yes the LL can offer to buy you out of the apartment. It's your choice whether to take the buyout or not. It's one of the few legal ways of getting a tenant out.

: I'm a rent stabilized tenant in New York and have been in housing court with my landlord for almost a year. Today the LL's attorney mentioned to the judge that's they've offered me a buy-out. I was surprised since I didn't think it was legal. If course he didn't mentioned my LL ofered to buy me out, on the installment plan, with payments to begin AFTER I move.

: Stacy


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