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If I was the landlord and you requested 100K for leaving my building..
I would evict you,, how??? Easy,, if he has a brother, son, or a family member he can evict you with 90 days notice... if he proves that the apartment will be use for the family member then after a year,, i sell the apartment...
"[SIZE=1]The rent regulation laws allow the landlord of a rent stabilized building to take over one or more apartments for family use. However, he/she must give you 90 to 150 days notice before your existing lease expires that it will not be renewed.[/SIZE]"
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And reading more information about this,,
A lot people are breaking the law.. this law is only for people making less then 175k, if you make more and still want to apartment, then the landlord can rent the apartment at regular rate...
No, not so easy. There is a process to do this. The rent stabilized tenant can participate in this process. This is a tactic that landlords are increasingly resorting to to get stabilized tenants out, but it's not as easy for them as they would like the tenant to think, especially now that the decision makers in the process are becoming increasingly aware that landlords are abusing it.
If I was the landlord and you requested 100K for leaving my building..
I would evict you,, how??? Easy,, if he has a brother, son, or a family member he can evict you with 90 days notice... if he proves that the apartment will be use for the family member then after a year,, i sell the apartment...
"[SIZE=1]The rent regulation laws allow the landlord of a rent stabilized building to take over one or more apartments for family use. However, he/she must give you 90 to 150 days notice before your existing lease expires that it will not be renewed.[/SIZE]"
\
And reading more information about this,,
A lot people are breaking the law.. this law is only for people making less then 175k, if you make more and still want to apartment, then the landlord can rent the apartment at regular rate...
Nope, the building went co-op and must be owned by a corporation. A corporation can't kick someone out for personal use because there is no "person" in a corporation.
No, not so easy. There is a process to do this. The rent stabilized tenant can participate in this process. This is a tactic that landlords are increasingly resorting to to get stabilized tenants out, but it's not as easy for them as they would like the tenant to think, especially now that the decision makers in the process are becoming increasingly aware that landlords are abusing it.
But still they win,,, I have read a few post about it in landlords forums,,, they only have to show his brother will live in it.. or some family member.. And they can even take more then one in a building...
Nope, the building went co-op and must be owned by a corporation. A corporation can't kick someone out for personal use because there is no "person" in a corporation.
No,, not the whole building,, the apartment is still own by the owner(original owner) when he sell the apartment it becomes co-op... we can take it if he wants to live in it,,, or for family members
But still they win,,, I have read a few post about it in landlords forums,,, they only have to show his brother will live in it.. or some family member.. And they can even take more then one in a building...
Again, I have to say, the tenant is given the opportunity to participate in the process. The tenant can appeal. These wheels move slowly.
This person could have paid 80K for an apartment that is now worth 750K. That's nothing. There are instances where people could have paid 150K for an apartment that is now worth $2,000,000. Think of that nice Classic 6 on the Upper West Side.
You people who are getting all worked up about the tenant wanting money to move seem to have missed a few details. When the bldg went Non-Evict Co-op, the OP was given a choice: buy or continue renting under the Stabilization laws. OP chose to continue renting, a perfectly valid choice (and just because it's stabilized doesn't mean OP got a free ride - the landlord gets tax breaks and other benefits from the city for keeping stabilized apartments!).
You guys keep saying the OP is trying to extort the landlord because he or she wants to break lease and move. C'mon, did you even read the first post?? OP said the landlord's been harassing him/her, wants this tenant to leave, and said, "Give me a number and I'll buy you out." A landlord is obligated to renew a rent-stabilized lease and it is not uncommon nor illegal for landlords to pay Rent Stabilized tenants to leave before the lease is up. They often pay for moving expenses, too. Remember, this tenant would probably stay if he or she wasn't being harassed. This situation was initiated by the OP's landlord, not the OP.
To the OP, I think your calculations should try to take into consideration how much money the landlord will make with you gone. Ask for a nice high number like $500,000 and see what happens. Negotiate down if refused.
You people who are getting all worked up about the tenant wanting money to move seem to have missed a few details. When the bldg went Non-Evict Co-op, the OP was given a choice: buy or continue renting under the Stabilization laws. OP chose to continue renting, a perfectly valid choice (and just because it's stabilized doesn't mean OP got a free ride - the landlord gets tax breaks and other benefits from the city for keeping stabilized apartments!).
You guys keep saying the OP is trying to extort the landlord because he or she wants to break lease and move. C'mon, did you even read the first post?? OP said the landlord's been harassing him/her, wants this tenant to leave, and said, "Give me a number and I'll buy you out." A landlord is obligated to renew a rent-stabilized lease and it is not uncommon nor illegal for landlords to pay Rent Stabilized tenants to leave before the lease is up. They often pay for moving expenses, too. Remember, this tenant would probably stay if he or she wasn't being harassed. This situation was initiated by the OP's landlord, not the OP.
To the OP, I think your calculations should try to take into consideration how much money the landlord will make with you gone. Ask for a nice high number like $500,000 and see what happens. Negotiate down if refused.
I'm all for rent stabilization, but I think what angers many people is that the OP is expecting to be able to earn enough money to buy a new house and start a new life by having done nothing to earn this windfall. Having chanced into an apt in a building that went co-op is not winning the lottery.
This sort of behavior simply makes it harder for everyone else in the system. My landlord applies for bogus capital improvement increases to de-regulate my building to avoid people like the OP and it raises my rent - extrapolate this for the rest of the city.
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