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yes , all of it as they couldnt keep any of it for her breaking the lease.
as big as the development is with 3,285 apartments , it was the first time someone used those laws to avoid the charges.
they couldnt believe that was a fact , so they consulted their legal counsel who said , yep , gotcha
so skilled attorneys know how to go about breaking contracts.
Well it is good to know in case of need. I also presume that if someone is moving out of the area completely (either out of state or overseas) they aren't going to be running after that person for breaking a lease (except for the issue of the security deposit).
Well it is good to know in case of need. I also presume that if someone is moving out of the area completely (either out of state or overseas) they aren't going to be running after that person for breaking a lease (except for the issue of the security deposit).
You never know…big mgmt companies generally are members of at least one reporting agency so they can effect your credit
Historically it always works out cheaper to take two year option. Also by historical records year to year increases tend to be close if same for at least two years. That is if things were 4% and 8% for one year, next vote would be same or close.
Another thing; for all intents and purposes RGB is largely controlled by the mayor. Under Bloomberg and Rudy G RGB voted in some of highest increases in recent memory. Then came Sam The Eagle who for nearly eight years forced RGB to dole out zero to nil increases.
Even though much of RGB under Adams has not changed, so far increases have been high and there is no talk of giving out zero increases again.
Thus anyone hoping by taking a one year renewal as a hedge bet against higher numbers down the line is playing against some strong odds.
So many didn't take that last 2.5% increase instead opting for "0" for six months then "1.5% for balance. Now those leases are up for renewal again and people are crying.
I'm one of those people who made the wrong choice at a high AMI no less. What I gleaned is if you're planning on staying put for a few years, do the two years. If you're a short timer, then it's roulette, but less painful at lower AMI's.
With Adams being the establishment clown that he is, I expect another big hike this year. Unless you have reason to think you'll want to move in the near term, take the two-year. I did. The only reason I didn't take the two-year last time is because of pandemic uncertainty about whether I'd stay. I was right that (since I stayed) it would've been better to.
I'm one of those people who made the wrong choice at a high AMI no less. What I gleaned is if you're planning on staying put for a few years, do the two years. If you're a short timer, then it's roulette, but less painful at lower AMI's.
Several people I know took the two year renewal and are being hit with rent increases between $70 and $76 dollars per month. Suffice to say in hindsight most wish they had taken one year, but it's too late now.
It's the ones living in crappy RS units in old tenements or other buildings you want to feel sorry for; places that haven't had jack sh*t done to them in ten, twenty, thirty or more years.
Yes, a LL will paint an apartment as required by law if tenant requests, but you can only put so much lipstick on a pig.
Even those living in renovated apartments aren't that much better off. Common areas are still same, issues with vermin, ancient HVAC systems, etc.. are all still same for entire building regardless.
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