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Re: "Key money" and other corruptions

Posted by Scott on August 13, 1997 at 10:56:29:

In Reply to: Re: "Key money" and other corruptions posted by Vern on August 09, 1997 at 12:23:27:

: : I'm about to move into my first apt. and 2 days
: : before the broker calls to tell me the tenant isn't
: : ready to move out. That was the final straw and
: : he's agreed to pay for my hotel room. I got the
: : tenant's phone number and she warned me to
: : watch out for this broker and the landlord.

: That's surprising; most wouldn't even do the hotel room

: : And what's this key money business? Why should
: : I pay $50 just to move into an apt. I've already
: : paid a broker $3,000 for finding and the landlord
: : $3100 for first/security. What's the best action to
: : take?

: Depends on who is demanding the key money. Can they really
: stop you getting the unit after you've paid everything else up
: front? Pay it by check to prove you paid it, then file with DHCR
: for overcharge (and watch them say it's OK) or take it
: off your rent after you've moved in. If they won't take
: a check, then have a friend witness it or tape record
: the payment. The landlord will deny it later.

Thanks for the advice. I'll definitely pay by check
then at least I can add another $50 to my total
moving expenses and deduct it from my taxes
next year.

Actually when I went to inspect the apt. yesterday
(I was supposed to move in today but it still wasn't
ready so now the date is Friday) the super handed
me a memo with "house rules" that states $50 is
due when moving in/out to compensate the extra
people there will be on hand to help out. What
that means remains to be seen.


: : Last question: The building is a co-op and the
: : landlord is a management company/owner of the
: : apt. who is sub-leasing the apt. to me. What
: : position does that put me in? What do I need to
: : watch out for?

: If it's a coop, then chances are it's not rent stabilized,
: so you couldn't file with DHCR. Are they also the sponsor
: or former landlord? It's called a sublease as the "owner"
: is actually leasing it from the co-op corporation, but it's
: a misused term. You would be the tenant. But if it's not
: rent regulated, the only rights you have (for the most part)
: are those in your lease.

In that case I should want to get a copy of the
overlease, the terms of which my "sub-lease" says
I'm held to. Living sure is a helluvalot easier in
California.

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