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Rent regulated renewal lease with a guarantor

NYC Rent Regulation: Rent Control/Rent Stabilized, DHCR Practice/Procedures

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Re: Rent regulated renewal lease with a guarantor

Postby NoMoreAds » Mon Nov 02, 2020 12:20 pm

Wow! SOOOO much in there to process!!

It sounds like if a question came up after a lease renewal, I would have a good argument in court. But I don't ever want to go to court.

The other thing I'm seeing over an over is that while the relationship with the guarantor will remain on the lease from the landlord's perspective, there is no definitive answer about the financial obligation the tenant would have to the guarantor if it's a company that charges money.

Adding a new element, how willing would a landlord be to forego a lease renewal and issue a new lease a year later to the tenant without a guarantor. Obviously, that would be up to an individual landlord.

I'm just trying to find a better route where I will have some sense of control or assurance. Yeah I know! Good luck! LOL

Thanks
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Re: Rent regulated renewal lease with a guarantor

Postby TenantNet » Mon Nov 02, 2020 2:47 pm

This is rent regulated, yes? By law, the LL cannot forego a lease renewal. Offering a new lease - as if a new tenant - enables the LL to add a vacancy increase plus any MCI and IAI rent increases.
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Re: Rent regulated renewal lease with a guarantor

Postby NoMoreAds » Mon Nov 02, 2020 3:08 pm

On a rent stabilized apt - is there still a vacancy increase allowed or was that eliminated with the last set of changes to the laws?
Thanks
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Re: Rent regulated renewal lease with a guarantor

Postby TenantNet » Mon Nov 02, 2020 3:09 pm

Look it up at the RGB website.
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Re: Rent regulated renewal lease with a guarantor

Postby NoMoreAds » Mon Nov 02, 2020 5:43 pm

I'm gonna have to go to law school to figure out what all this means! lol
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Re: Rent regulated renewal lease with a guarantor

Postby TenantNet » Mon Nov 02, 2020 11:03 pm

The Tenant Network(tm) for Residential Tenants
Information from TenantNet is from experienced non-attorney tenant
activists and is not considered legal advice.

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Re: Rent regulated renewal lease with a guarantor

Postby NoMoreAds » Tue Nov 03, 2020 3:59 pm

Thanks, I had found those links.
I find it hard to comprehend, almost contradictory.
One place says landlords can no longer charge a 20% vacancy increase - which seems like a victory for tenants.
Yet another place says landlord can charge a 39% increase.

I year before COVID and a year after COVID none of this would be affecting me. But this one damn year I'm trapped!
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