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Taking over friend's lease

Posted by Danielle on December 25, 1998 at 22:24:35:

My friend has a rent-stabilized apartment in an up and coming part of Park Slope. He is planning to move out Feb. 1, though his lease doesn't run out till August.

I would like to take over his lease, but I don't know how much the landlord could raise the rent for a new tenant.

My friend mentioned something about a 15% increase, but didn't know what it was called. Also, he wasn't sure if 15% was too high for the market to bear. The rent is currently $1200.

I tried looking around for information on the tenant.net pages but since I'm not really sure what I'm look for, I'm not sure how to find it.

Also, looking for advice on -how- my friend can broach the topic with his landlord, suggesting me as the new tenant. He has had a very good relationship with his landlord and has lived in the apartment for 1 1/2 years. We were thinking that the fact that I am a woman, a computer professional AND a doctoral student would sound pretty stable to the landlord but another friend thought that being a student might be frowned upon for instability.

Thanks in advance,
Danielle

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