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Old 01-20-2010, 04:29 PM
 
1 posts, read 6,664 times
Reputation: 10

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The situation:
-------------
I have been in my current rent-stabilized apartment for almost 2 years since I moved to New York from Maryland.

My lease is expiring at the end of Feb.

There is a possibility that my job will be relocated back to Maryland in August -- but it remains just a possibility until sometime in July.

I informed the situation to my landlord and inquired about whether I could renew the lease for 6 months.

He told me that legally he could only do 1 or 2-year terms. He told me that he would "work with me... such that if I sign on a 1-year lease starting March and have to move by the August, I would lose the 1-month security deposit."

The questions:
--------------
1. Is it true that for rent-stabilized apartment, the lease term can only be one or two-year?
2. Are there some way I could get a 6-month lease, within my rights?
3. Are there other ways I can avoid forfeiting the deposit if indeed I have to sign a 1-year lease? Given that I have informed him well ahead of time (even before the lease renewal is signed?)

Thank you all so much.
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Old 01-20-2010, 11:49 PM
 
341 posts, read 858,415 times
Reputation: 161
Quote:
Originally Posted by vincent.motor View Post
The situation:
-------------
I have been in my current rent-stabilized apartment for almost 2 years since I moved to New York from Maryland.

My lease is expiring at the end of Feb.

There is a possibility that my job will be relocated back to Maryland in August -- but it remains just a possibility until sometime in July.

I informed the situation to my landlord and inquired about whether I could renew the lease for 6 months.

He told me that legally he could only do 1 or 2-year terms. He told me that he would "work with me... such that if I sign on a 1-year lease starting March and have to move by the August, I would lose the 1-month security deposit."

The questions:
--------------
1. Is it true that for rent-stabilized apartment, the lease term can only be one or two-year?
2. Are there some way I could get a 6-month lease, within my rights?
3. Are there other ways I can avoid forfeiting the deposit if indeed I have to sign a 1-year lease? Given that I have informed him well ahead of time (even before the lease renewal is signed?)

Thank you all so much.

I don't see how he's 'working with you' if he penalizes you a month's rent. Now if he didn't penalize you, then ok.

How about a month to month lease? That would be better wouldn't it? That is basically a 30 day notice to quit the place. Problem is; he could give you a 30 notice also! Where is the apartment?
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Old 01-21-2010, 05:21 AM
 
646 posts, read 2,364,292 times
Reputation: 257
I think with R.S., he is correct 1 or 2 years leases only.
However he could add a rider with a "30 day out" clause
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Old 01-25-2011, 07:45 PM
 
2 posts, read 8,155 times
Reputation: 10
Default Please let me know if you figured out a Solution for the issue.

Quote:
Originally Posted by vincent.motor View Post
The situation:
-------------
I have been in my current rent-stabilized apartment for almost 2 years since I moved to New York from Maryland.

My lease is expiring at the end of Feb.

There is a possibility that my job will be relocated back to Maryland in August -- but it remains just a possibility until sometime in July.

I informed the situation to my landlord and inquired about whether I could renew the lease for 6 months.

He told me that legally he could only do 1 or 2-year terms. He told me that he would "work with me... such that if I sign on a 1-year lease starting March and have to move by the August, I would lose the 1-month security deposit."

The questions:
--------------
1. Is it true that for rent-stabilized apartment, the lease term can only be one or two-year?
2. Are there some way I could get a 6-month lease, within my rights?
3. Are there other ways I can avoid forfeiting the deposit if indeed I have to sign a 1-year lease? Given that I have informed him well ahead of time (even before the lease renewal is signed?)

Thank you all so much.

Please let me know if you figured out a Solution for the issue. I am going through the same dilemma. Haven't even spoken with the landlord yet but don't think he would agree to even let me stay beyond the expired lease. This is a big Management firm and they may not even agree to let me stay by forfeiting the deposit.

I like the apartment and like to keep it until August, 2011. Lease is expiring in April I think.

Should I atleast try negotiating with the landlord or better Off just ignoring the Lease sent to me in Mail.
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Old 01-26-2011, 02:09 AM
 
91,494 posts, read 88,750,037 times
Reputation: 66051
by law rent stabilized apartments have to be given only 1 or 2 year leases but heck if the landlord agrees in writing to not penalize you for leaving after 6 months thats his choice . to tell you the truth we were thinking of trying to do just that ourselves when we were thinking of retiring and moving. instead of thinking of it as a negative and thinking in terms of the landlord letting you stay past your lease, think of it as a positive for the landlord. you will sign a 1 year lease but allow him to break it early and get a tenant at a higher rate if he wont penalize you.
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Old 01-26-2011, 04:28 AM
 
37,333 posts, read 37,636,884 times
Reputation: 17367
Quote:
Originally Posted by saggara View Post
Please let me know if you figured out a Solution for the issue. I am going through the same dilemma. Haven't even spoken with the landlord yet but don't think he would agree to even let me stay beyond the expired lease. This is a big Management firm and they may not even agree to let me stay by forfeiting the deposit.

I like the apartment and like to keep it until August, 2011. Lease is expiring in April I think.

Should I atleast try negotiating with the landlord or better Off just ignoring the Lease sent to me in Mail.
You could just sign the lease. About a month before the lease is up, you can notify your landlord. A friend of mine just didn't pay the last month rent in order to use of the security deposit (so she wouldn't lose the money).
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Old 01-28-2011, 01:18 PM
 
37,333 posts, read 37,636,884 times
Reputation: 17367
Here is an article about what to do if you need to break a lease early:
How to break a lease | BrickUnderground
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