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Re: add a name = vacancy lease

Posted by Dee on August 07, 2001 at 20:14:59:

In Reply to: Re: An insulting reply--and just plain wrong posted by me on August 07, 2001 at 17:38:15:

: And while we're on the subject adding someone to a stabilized lease will not cause the rent to increase at all. It's perfectly within your right to do so and unless everyone named on the lease moves out there is no vacancy increase.

Actually, you're very wrong. Years ago, this was either true or it didn't matter. Then they invented the 15% vacancy rate, now the 18-20++%. Now it matters a lot. So landlords pressured DHCR to agree that if you ADD someone other than your spouse and a couple of similar exceptions, the lease is 'new' and a 'vacancy lease'.

If you take people off the lease, it is a renewal lease.

This has been settled long ago, but read this:

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