Posted by DK on February 22, 1999 at 20:29:01:
In Reply to: move out offer to landlord posted by dlewis on February 22, 1999 at 13:45:24:
Satori's advice is sound. Remember, if the apartment is worth so much, where will you live? You should also realize that the first tenant who pays $2000 per month is still subject to rent stabilization. The apartment becomes exempt after that tenant vacates.
: I was thinking of offering to my landlord that I would move out for an agreed cash sum. I still have 18mos left on my $1732 rent stabalized apt. It would be in his interest due to when I move, due to the vacany percentage, the rent would top $2000 and therefore no longer be under rent stabalization. If I stay I could continue to keep re-newing at only the regulated 2% a year.
: My concern is if we do not agree and I stay, does my offer constitute grounds for him not to renew my lease in 18 mos???
Note: Posting is disabled in all archives
Post a Followup