Why Tenants hold out on Landlords offering Buyouts
A landlord buyout may sound like a dream come true to many renters, but in NYC it’s not unusual for landlords to be met with a resounding “No” when they make a buyout offer. The reasons why tenants decline buyouts are as varied as the tenants themselves, but in almost all cases their reasoning comes
Buyouts between Landlords and Tenants in New York
Buyouts between tenants and landlords in NYC seem to always be in the news. Buyouts are a common tactic of landlords to obtain possession of units in their buildings with the hope of renting them for a higher price or selling them. This is mostly due to the New York City’s rent regulations, which limits
6 ways to protect yourself against ruthless and greedy Landlords
If you are fortunate enough to have a good relationship with a responsive landlord, consider yourself lucky. It’s rare to hear about good tenant-landlord relationships, especially in high-demand areas such as NYC. More commonly, landlords are focused on getting the most rent possible for the least amount of service. Protecting yourself from ruthless, greedy landlords
How much should a Landlord pay a Tenant to move out of an apartment?
Rent Stabilized and Rent-Controlled apartments are highly coveted in NYC. Tenants save a great deal of money living in these units and landlords are constantly looking for ways to move tenants out. Landlords who are serious about this often approach tenants with buyout offers. A buyout can be good for both tenants and landlords
NYC passes Anti-Buyout Legislation: What this means for Tenants
NYC apartments are always in high demand. Unscrupulous landlords have long tried to take advantage of this demand by forcing current tenants out of their rent-regulated units so they can raise the prices and secure new tenants. Landlords might resort to threat, coercion, neglect, or even buy out existing tenants in order to free up
Avoid these actions when evicting a Tenant
Despite lease provisions, background checks, and other precautions landlords take to ensure quality tenants, you may find yourself needing to evict a tenant. The first thing you should know is that this is not as simple as it sounds. There are certain legal protections given to tenants. If you are thinking of evicting a tenant,
Tenants: Know your rights concerning bed bug removal and remediation in New York
As a tenant in New York City, you are probably aware that bed bugs are a huge problem. Unfortunately, some landlords are not acting quickly to remove bed bugs. When faced with bed bugs, many tenants don’t know their rights, or who is responsible for taking care of the infestation. It’s important to know your rights
How to deal with Landlord harassment
It’s a situation few ever want to find themselves in – your landlord is making your life miserable. Threats, intimidation, ignoring requests for repairs or service…these all disrupt your life and they all constitute harassment on the part of the landlord. Sadly, this type of behavior is too common in NYC, especially in rent-controlled and rent
My Tenants have sublet my property without permission. What can I do?
In New York City, tenants have a right to sublet their property…..but they must receive permission from their landlord prior to doing so and provide very specific information to you about the new tenant. If they sublet without your permission, you have rights to protect yourself. Steps to take if a Tenant has sublet a
What are Succession Rights?
Living in NYC is expensive. Rent prices keep going up and it’s become nearly impossible for the everyday citizen to find affordable housing. If you are lucky enough to have a family member living in a rent-stabilized or rent-controlled apartment you may be able to claim succession rights upon their death or if they vacate
