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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.

Follow Ups:

• Warning TenantNet 12/31/01 (6)
  • Is Tenant Net run by a wannabe landlord? Blue Zephyr 12/31/01 (5)
    • Re: Is Tenant Net run by a wannabe landlord? - not quite..... me again 01/10/02 (2)
      • Final word TenantNet 01/10/02 (1)
        • Re: Final word me again... 01/10/02 (0)
    • You're an idiot Blue Zephyr Commen Sense 01/05/02 (1)
      • Re: You're an idiot Blue Zephyr - but at least he can spell..... me again 01/10/02 (0)

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Comments:
: : 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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