Moderator: TenantNet
by sr77 » Sat Oct 13, 2018 2:18 pm
by TenantNet » Sat Oct 13, 2018 2:29 pm
by sr77 » Sun Oct 14, 2018 3:06 pm
TenantNet wrote:Isn't - or shouldn't - this topic already covered in a different thread? Was this answered before?
When you say "rent reduction agreement," do you mean a DHCR rent reduction order? Please try to make this more clear. A PR is not a rent reduction.
by TenantNet » Sun Oct 14, 2018 3:35 pm
by sr77 » Sun Oct 14, 2018 10:08 pm
TenantNet wrote:If it was something other than a typical PR rider, what you (probably incorrectly) call a rent reduction agreement, still RS rules require lease renewals to be offered on the same terms and conditions as the expiring lease (or initial lease).
by TenantNet » Mon Oct 15, 2018 8:36 am
by sr77 » Tue Oct 16, 2018 5:11 pm
by TenantNet » Tue Oct 16, 2018 7:29 pm
by BubbaJoe123 » Tue Oct 16, 2018 8:27 pm
by TenantNet » Tue Oct 16, 2018 9:44 pm
by sr77 » Wed Oct 17, 2018 1:32 am
TenantNet wrote:Bubba. you're wrong on this.
Tenant should complete and return the signed lease . . . but ignore any rider.
(SR77, if you don't know, Bubba is one of our landlord apologists.)
by TenantNet » Wed Oct 17, 2018 6:12 am
by BubbaJoe123 » Wed Oct 17, 2018 12:44 pm
TenantNet wrote:Bubba. you're wrong on this. What the LL is demanding is not a preferred rent.
TenantNet wrote:Nor should you be intimidating the tenant here (i.e., you might win, but there's a lot of hassle).
TenantNet wrote:If the LL refuses to execute and return the renewal lease, then the tenant is actually better off as the rent cannot increase.
TenantNet wrote: Are you trying to (intentionally) confuse the OP? Are you trolling again? (SR77, if you don't know, Bubba is one of our landlord apologists.) Bubba, I don't mind your taking a LL-view on all this, but when you lie to the poster, you're crossing the line.
TenantNet wrote:As for Bubba, well once in a while he makes a good point.
by TenantNet » Wed Oct 17, 2018 1:18 pm
by sr77 » Wed Oct 17, 2018 9:34 pm
BubbaJoe123 wrote:
DHCR's position is that "A preferential rent is a rent which an owner agrees to charge that is lower than the legal regulated rent that the owner could lawfully collect." http://www.nyshcr.org/Forms/Rent/ralr1.pdf
What the OP has now (an agreement that the LL will charge 10% below the legal rent for the life of the tenancy) certainly fits that description, doesn't it?
I'm assuming it is, since you say there's a rider.
What does the rider actually say? Is it any different than what's already agreed to in the letter agreement? My understanding from your posts is that it doesn't contain any terms different from the agreement reached as the time of the original lease signing.
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