Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-21-2010, 09:28 AM
 
32 posts, read 69,334 times
Reputation: 26

Advertisements

Why should the OP move out?
Don't hate him cause he gets a deal.
//www.city-data.com/forum/new-y...uy-me-out.html

Good read.
Reply With Quote Quick reply to this message

 
Old 12-21-2010, 01:41 PM
 
979 posts, read 4,442,428 times
Reputation: 519
Quote:
Originally Posted by Remington22 View Post
Why should the OP move out?
Don't hate him cause he gets a deal.
//www.city-data.com/forum/new-y...uy-me-out.html

Good read.
The problem is remington22 the ending sucks! Are you still here?
Reply With Quote Quick reply to this message
 
Old 12-22-2010, 03:52 AM
 
105,862 posts, read 107,840,851 times
Reputation: 79455
Quote:
Originally Posted by bluedog2 View Post
If the building is stabilized and the rent is 1,000/mo how does the landlord get the rent up to 3,000/mo in one jump ? How does the apartment not remain stabilized ? The legal maximum rent on vacancy will be set by the guidelines and not by the landlord unless he wants to subject himself to a rent rollback.

You might be overestimating the value of the dissolution of your tenancy to the landlord.
if the building is co-op and the origonal tenant moves out the apartment is no longer under any guidelines. not sure in this case the buildings status but im just mentioning the fact that just because an apartment was rent stabilized doesnt mean it stays stabilized..the reason the co-op craze struck decades ago was it was the landlords light at the end of the tunnel. once the origonal tenant who didnt buy moved the apartments were deregulated.

Last edited by mathjak107; 12-22-2010 at 04:19 AM..
Reply With Quote Quick reply to this message
 
Old 12-22-2010, 05:56 AM
 
Location: Beautiful Pelham Parkway,The Bronx
9,239 posts, read 23,986,609 times
Reputation: 7748
Quote:
Originally Posted by mathjak107 View Post
if the building is co-op and the origonal tenant moves out the apartment is no longer under any guidelines. not sure in this case the buildings status but im just mentioning the fact that just because an apartment was rent stabilized doesnt mean it stays stabilized..the reason the co-op craze struck decades ago was it was the landlords light at the end of the tunnel. once the origonal tenant who didnt buy moved the apartments were deregulated.
I thought of this(sale) as a possibility but discounted it because the OP stated that the landlord wanted to double or triple the rent,not that he wants to sell the apartment for 1M.Big difference.
That would be a pretty important piece of information to forget or leave out if the OP is looking for advice because it could also affect a potential buy out figure.
Reply With Quote Quick reply to this message
 
Old 12-22-2010, 07:49 AM
 
105,862 posts, read 107,840,851 times
Reputation: 79455
YEP.... it sure would. personally we only buy out the leases and sell the co-ops. i would never pay to buy out a lease to just re-rent but thats me....
Reply With Quote Quick reply to this message
 
Old 12-22-2010, 07:50 AM
 
979 posts, read 4,442,428 times
Reputation: 519
Quote:
Originally Posted by bluedog2 View Post
If the building is stabilized and the rent is 1,000/mo how does the landlord get the rent up to 3,000/mo in one jump ? How does the apartment not remain stabilized ? The legal maximum rent on vacancy will be set by the guidelines and not by the landlord unless he wants to subject himself to a rent rollback.

You might be overestimating the value of the dissolution of your tenancy to the landlord.
No where in this thread does the OP say what his rent is. Even if he was paying 2K a month now and no desire to move, without the income requirement he would still be protected by stabilization.
Reply With Quote Quick reply to this message
 
Old 12-22-2010, 08:54 AM
 
Location: Brooklyn New York
18,370 posts, read 31,465,142 times
Reputation: 27790
Quote:
Originally Posted by mathjak107 View Post
if the building is co-op and the origonal tenant moves out the apartment is no longer under any guidelines. not sure in this case the buildings status but im just mentioning the fact that just because an apartment was rent stabilized doesnt mean it stays stabilized..the reason the co-op craze struck decades ago was it was the landlords light at the end of the tunnel. once the origonal tenant who didnt buy moved the apartments were deregulated.

my building is like that. it is Co-op with stabilized and 1 control, once the move it automatically becomes co-op and is not under the laws of stabilization and control.

That is why a lot of Ll made the conversion, because even if all the apartments do not get bought, anyone that moves out will have to pay market rate.


slick
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City
View detailed profiles of:

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top