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Re: Sounds like confusion

Posted by Mark Smith on April 11, 1999 at 05:05:35:

In Reply to: Sounds like confusion posted by Will on April 10, 1999 at 17:46:19:

With your landlord's consent, which can't be unreasonably withheld, you can sublet for up to two years, even if that is beyond the end of your current lease. You are supposed to return to the apartment after the sublease ends. If you are renting the
apartment furnished, you are entitled to a 10% surcharge. The landlord is also entitled to a surcharge, as set by the Rent Guidelines Board. The current surcharge is 5%. The 5% surcharge comes off when you return to the apartment. The subtenant should pay rent (115% of your current rent) to you, and you should pay the rent (105% of your current rent) to the landlord.

: To "do it" through your landlord and would mean a vacancy increase and you losing the apartment.

: If you still want your aparmtment after all this then definately sublease. When you sublease a stabilized apt. you can only charge the person what you are renting unless its furnished then you can add 10%.
: If you mean having the landlord accept that persons checks...I think that goes without saying if they approved the sublease...

: Will

: : Is it legit for a landlord in a rent stabilized building to increase the rent to a subletter? That is, I am trying to sublet my apartment long term, and my landlord has said to go ahead and do it on my own since to go through her would raise the rent I would be have to charge. I'd rather go through her, since then everything is on the table, but i'm wondering what her rights are to increase the rent to the subletter? Does anyone know?
: : Thanks.

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