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Re: take-over lease

Posted by TenantNet on November 18, 1997 at 09:30:46:

In Reply to: take-over lease posted by Caty on November 16, 1997 at 08:27:24:

: Hi!Situation/circumstances. I have a legal sublease in a Manhattan
rent-stabalized building owned by a private school. This sub-lease is up
in several months.Recently, i was notified by the over-tenant that he does
not"think" he will be returning and would like to meet with me to see
what he can to do to "help" me get the apt(take-over the lease.) I have
been a sub-tenant in good-standing, rent paid on time, no complaints. And
I am interested in taking over the lease.Question:What are my legal
rights if any? What recommendations do you have regarding this situation?
Should I notify the landlord of my interest in assuming the over-tenant
lease "in the event that he(over-tenant) decides not to return?"

You have no rights to take over the lease. Negotiate with the owner and
point out your good record and be prepared for a hefty increase.
If the tenant is on good terms with the owner and/or super (assuming the
latter is not a drunk or in the unlikely chance the former is not a crook),
then make a deal... negotiate. In some places the super carries weight,
and they might imply they want some key money (try to pay by check). Key
money is illegal and wrong, but it does happen. [if you don't know the term,
it's a BRIBE.]

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