Results 1 to 2 of 2
  1. #1
    Join Date
    Sep 2009
    Posts
    6

    Default Compensation for Termination of Rent Controlled Apartment Lease

    My parents ( 1 retired senior citizen , 1 breast cancer survior and a minor son 16 year old) resides at a building that was built in 1910. It is consider regulated as Rent Stabilization I believe. We are located in NYC, the neighborhood has become a trendy hot spot and off course it would be the landlords dream to evict or have the old tenants moving out without compensating. Well my parents ran their mouth due to frustration that the apartment is broken up and needed renovation they asked the landlord to offer compensation, they agreed verbally on 15,000. Now this is the thing, I doubt $15,000 will last at all due to nyc living expense is so expensive, our rent is 800 a month for 2 bedrooms so its not bad. I do not live with my parents they live with my younger brother. I called the landlord and got the offer jacked up to 20k because I said they misinterpreted about getting compensated and now the landlord is saying she was planning to let us know she wants to take back the apartment for herself and she as the landlord has the right so. She does not even have to compensate us and its because of good will and since we are long loyal tenants she is compensating.

    Does she have the rights to evict us ?

    please let me have your opinion.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Compensation for Termination of Rent Controlled Apartment Lease

    The landlord tried to buy out the lease and, as that has failed, is exploring other options. Your parents can consult a local real estate lawyer, tenant's union, elder legal services or legal aid office (if they qualify) for advice on how to proceed based upon the specifics of the case.

    1. Sponsored Links
       

Similar Threads

  1. Rental Agreements: How to Back Out of a Deal to Rent An Apartment - Rent Paid, Lease Not Signed
    By ElizabethB7419 in forum Landlord-Tenant Law
    Replies: 2
    Last Post: 05-20-2011, 07:49 AM
  2. Subleases: Subletting a Rent Controlled Apartment in New Jersey
    By deegee in forum Landlord-Tenant Law
    Replies: 2
    Last Post: 01-28-2010, 07:46 PM
  3. Moving Out: Lease Termination Fee Plus Rent
    By zoephoenix in forum Landlord-Tenant Law
    Replies: 1
    Last Post: 01-03-2010, 06:00 PM
  4. Rent and Utilities: Surviving Family Member’s Rights To Rent Controlled Apartment, in California
    By DZ01 in forum Landlord-Tenant Law
    Replies: 2
    Last Post: 03-08-2008, 03:34 PM
  5. Moving Out: Early Lease Termination Fees For Apartment That Is Being Renovated
    By sdrenter in forum Landlord-Tenant Law
    Replies: 3
    Last Post: 07-10-2007, 11:52 PM
 
 
Sponsored Links

Legal Help, Information and Resources