Posted by Blue Zephyr on December 31, 2001 at 01:16:13:
In Reply to: Capital improvements posted by Sy Pearlman on December 29, 2001 at 21:29:44:
: Is it true, that
: even when the total cost ($250,000) is paid off, we will continue
: to be billed for this capital improvement forever ? Why?
: It's like buying a car on payments, paying off the loan and then
: continuing to pay for the car. Where can I find legal precedents
: or housing law for this situation?
No, its not like "buying a car on payments". You're renting - meaning that as a rent stabilized tenant you will always be subject to increases in rent and you will always have play by the landlord's rules. And guess what, landlords own buildings to make a profit. Don't like this, think you can do it better yourself? Then buy a townhouse, condo, coop or apartment buiding. Run it however you want, and report back to us how it goes.
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