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Well the LL offered a buyout, then tenant declined. He has that right. But, now the tenant is ready and offered to take a buyout at a higher amount??? at the tenants amount?, what nerve...
I agree... he does NOT have the right to expect MORE...but he should be able to expect the same or less.
Im not saying he should get more. That's insane.
Whats more insane is u saying he has no right to even ask for ANY type of offer.
Ok, so maybe this is some type of naivety on my part (I've never been a renter in NYC, went straight from living at home to owning) but why on earth don't people just take the buyout when it's offered the first time around? I can't imagine that these [rent controlled/stabilized???] apartments are that stellar. Or is it that the rent is really THAT cheap that you'd turn down a nice lump of money to just find someplace else? If I had a decent job, meaning that I can afford 40x rent and live in a decent neighborhood, and was renting a crappy apartment, (and I am assuming that these rent controlled/stabilized apartments probably are), and someone offered me $50K to move, you better believe I would take it! Well, first I'd try and negotiate for more LOL, but I really wouldn't have to think too hard about taking the money. Yeah, it would be a different story if you owned the apt and someone was trying to strong-arm you out it if, but you're just borrowing it. How can you be so attached to something that you don't own that if someone gives you money to leave, you don't take it?
It's not that easy for everybody.
50k wont get you too far in Manhattan.
After moving expenses, uprooting your life and finding an apt FAST, it may be smarter just to stay.
I didn't get nearly 50k...but I left NY state, so it went further.
It's not that easy for everybody.
50k wont get you too far in Manhattan.
After moving expenses, uprooting your life and finding an apt FAST, it may be smarter just to stay.
I didn't get nearly 50k...but I left NY state, so it went further.
Yeah but it doesn't take $50K, or anywhere near that amount, to move. And don't people usually start looking for a new place about 30 days out anyway? Are they buying you out with 5 days notice or something? I have a friend that's moved damn near every year she's been in NYC (she's been here for nearly 10 years and has lived in 6 or 7 apts) and it never seems to take her very long to find something in her price range and move. Now, I understand her case is extreme but the case of a buyout, extra money is extra money. You may say that $50K (or $24K in your case) doesn't go far, but it's extra money that you did not have previously. If I won $25K in the lotto, I can think of many things to do with it: pay off bills, remodel my kitchen, or just save it/invest it...
I agree... he does NOT have the right to expect MORE...but he should be able to expect the same or less.
Im not saying he should get more. That's insane.
Whats more insane is u saying he has no right to even ask for ANY type of offer.
He doesn't, he doesn't have that right. It was asked and answered already, tenant shouldn't get or deserve a second chance. Tough tough tough tough tough !!!
The LL offered, he declined because it wasn't convenient to the tenant, well, now it isn't convenient for the LL.
I wouldn't offer the tenant squat, because he is not entitled to anything.
that basically falls under the catagory of TOUGH !!
Since the tenant initiated the buyout conversation with the landlord, a savy landlord would pick up on that, hinting that the tenant has intentions of moving regardless of a buyout or not. If I were the landlord I would offer the tenant ZERO and bank that he's moving out on his own. Worse cases scenario I'd offer significantly less than my previous offer. Take it or leave it buddy!
I see a pretty clear POV distinction between renters and owners (and the owners don't necessarily have to be landlords). I just asked a co-worker about being bought out- he said he wouldn't do it "unless he was already planning to move." I was trying to grasp his POV but couldn't because I'm just not in that frame of mind. How are people so attached to something they don't own? It's one thing if you are strapped for cash can can not afford more than what you're paying for with a rent controlled place but if you're not? Especially if you can easily afford a place that's 2X more and still have room to save each month. Take the cash and move! I will say this though, the tenant is certainly not entitled to any money but there is no harm [or shame] him/her asking. My philosophy is to just ask because you never know...
They are not attached to anything, other than money. They believe they are entitled to extort money from a Landlord, so even if they want to move and can afford an apt 3x as much...they will extort the Landlord. It's really sad...I don't understand how alot of people sleep at night.
They are not attached to anything, other than money. They believe they are entitled to extort money from a Landlord, so even if they want to move and can afford an apt 3x as much...they will extort the Landlord. It's really sad...I don't understand how alot of people sleep at night.
I think you guys are just mad that landlords resort to offering buy outs in the first place.
Remember...in both cases, mine and the OP....the landlord initiated the entire conversation.
Mine worked out and I hope his does too.
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