So peep this, I got the opportunity to flip my rent free situation into an upgraded apartment (that's actually decent) except with a dope rent. This move is an ultimate upgrade.
HOWEVER, this situation is still sticky, and I wanna pimp it to my benefit. I've found out that this new unit is actually rent stabilized, which the landlord has fully disclosed.
Now, I'm not familiar with the rent stabilization of apartments in NYC, but can't I fight to have the rent reduced even from what's agreed on a lease if he overcharges for it? (Which I think he is.)
Also, he is supposed to attach a rider with all the rent stabilizing stipulations, except he didn't, so I got him again potentially by the balls.
It's my thinking that I could flip this illegal free apartment into a dope stabilized apartment for the cheap AND with guaranteed lease renewals. Somebody PLEASE check my math on this so I can come allllll the way up.
________________________________________________ R.I.P. Soulgyal <3 SUPA NERD LLC. Knowledge Meets Nature Musica Negra #13irteen
1. "There are others who can better explain this" In response to Reply # 0
There's only X amount of percentage a landlord is able to increase when there is a vacancy. Not sure if they can go below market value legally, but the landlord has to register that the apt is rent stableized and you will get an official looking letter from NYC disclosing its status (I got one for mine).
3. "word, we shall see. I called and requested a rental history for the new ..." In response to Reply # 1
I'm pretty sure I'm going to a rent in the triple digits, otherwise he would have attached the rider with the rental history in the lease he provided me.
This would be so awesome to make this happen.
________________________________________________ R.I.P. Soulgyal <3 SUPA NERD LLC. Knowledge Meets Nature Musica Negra #13irteen
20. "RE: riders don't have rental histories" In response to Reply # 8
Got you. I did request the rental history from the agency that governs it, and I think I'm sign the lease, move in, then on my court day come in with the rider like "what gives?"
We'll see how it plays out. I need to move this weekend.
________________________________________________ R.I.P. Soulgyal <3 SUPA NERD LLC. Knowledge Meets Nature Musica Negra #13irteen
2. "check with teef to be certain" In response to Reply # 0
but there should be a rental history on the apt so you can check for that if the rent did go up it might have been for a renovation which is legal
definitely get the rider to know all of your options
but basically stabilization only means that rent goes up according to what the board stipulates and it only affects you every two years which is when your lease is up (OPT FOR THE TWO YEARS NEVER LESS)
this is definitely a bit more stable of a situation ~~~~ When you are born, you cry, and the world rejoices. Live so that when you die, you rejoice, and the world cries. ~~~~ You cannot hate people for their own good.
5. "rent stabilized " In response to Reply # 0 Thu Apr-09-15 04:41 PM by Sarah_Bellum
__means the rent can only increase by the percentage approved by the city. It could be 4 or 5 percent but it has been as little as 1%. You can still negotiate a lower increase though. I asked my landlord to give me the one year percentage rate for two years and he did. Others in my building have asked for no increase and got it. Basically the landlord cannot raise it more than the city states but it doesn't mean you can't negotiate. They do have to give you a lease that clearly states that it is rent stabilized. Beware though, if they didn't give you a lease that states it is rent stabilized with the city crest on it then that is shady and beware.
My landlord is trying to illegally destabilize my building. Landlords are sooooo shady. _________________________________________________________
7. "^^yes you can totally negotiate for less rent" In response to Reply # 5
they will give you 'preferred rent' and it's on the lease. some preferred rents last the entire term of the residency and increase based off whatever increase is allowed that year. you'd have to check your rider for that when you get it.
but most landlords nowadays only promise the preferred rent for the term of that year's lease. i had preferred rent up until this year (which i blame on the 1% increase this year-pissed off landlords) and i negotiated for another year of preferred rent for an amount that would have equaled a typical 4% increase (which is what landlords have been getting on average in the few years prior).
up until this past year i never had to ask for a preferred rent re-up. it was just given to me.
9. "RE: rent stabilized " In response to Reply # 5
Ok word, he's making me raise flags cause of this exact thing. He says it's rent stabilized, and when I research the building I see it is stabilized, but the language in the actual lease he's provided doesn't have it expressly stated. It says like "if this unit is rent stabilized then the parties agree to....." or whatever, but I just printed out the rider and IT has all the language and information I was looking for.
I'll check this out and make sure the lease is legit and sealed/stamped accordingly.
________________________________________________ R.I.P. Soulgyal <3 SUPA NERD LLC. Knowledge Meets Nature Musica Negra #13irteen
6. "RE: NYC Eviction Help: Part 3 (HELP!)" In response to Reply # 0 Thu Apr-09-15 04:41 PM by teefiveten
>Now, I'm not familiar with the rent stabilization of >apartments in NYC, but can't I fight to have the rent reduced >even from what's agreed on a lease if he overcharges for it? >(Which I think he is.)
yes, you can move in and go to HCR for a rental history and if he is overcharging your rent would go down and he'd owe you the difference of any rent you have paid him that was overcharged
>Also, he is supposed to attach a rider with all the rent >stabilizing stipulations, except he didn't, so I got him again >potentially by the balls.
i don't know if you have him by the balls here but he is supposed to attach a rider. how do you know it's stabilized?
if time is an issue and you can swing what he is offering you should just move in once you confirm it is a stabilized unit and make him produce a rider for you, because you both have to sign it--have the rider before you move in/exchange money and check the rental history to what he's charging you after you move in if you end up proven wrong and still think the apartment is worth the rent.
that HCR stuff doesn't happen overnight and most people contest it once they move in. honestly, i think that may be the only way to contest it-if you produce proof you are a leaseholder. i may be wrong on that though.
10. "RE: NYC Eviction Help: Part 3 (HELP!)" In response to Reply # 6
word, this is what my game plan looks like in my head.
I think I want to sign the lease, then fight after the fact. I requested that HCR send me the rental history this afternoon, so that will tell me a lot. I expect a loooooooowwwww number. Lol and I think I can sign to obtain possession of the new place, because I have a court date for April 21st about the eviction which I'm using for leverage cause he and his lawyer do NOT want me in front of a judge.
The thinking is if I move into a new place, then we will mutually dismiss this previous proceeding. BUT I'm thinking I can open a new can of worms in the new place, and at least get stabilization laws on my side for subletting and lease renewal.
$850 a month would be sweeeeeeeeeet though haha.
________________________________________________ R.I.P. Soulgyal <3 SUPA NERD LLC. Knowledge Meets Nature Musica Negra #13irteen
11. "subletting under rent stabilization isn't a guarantee" In response to Reply # 10 Thu Apr-09-15 04:57 PM by teefiveten
the landlord has to agree and if you do it anyway without their approval or knowledge and they find out, they can move to evict you and whomever you are subletting to
absolutely not a guarantee the landlord needs to agree
~~~~ When you are born, you cry, and the world rejoices. Live so that when you die, you rejoice, and the world cries. ~~~~ You cannot hate people for their own good.
18. "lol how you think I got THIS apartment?" In response to Reply # 16
He took me to court for eviction over some bs and we wound up with him offering me a new place on my terms. I aint paid rent since November AND wont pay 2 months at the new place.
________________________________________________ R.I.P. Soulgyal <3 SUPA NERD LLC. Knowledge Meets Nature Musica Negra #13irteen
~~~~ When you are born, you cry, and the world rejoices. Live so that when you die, you rejoice, and the world cries. ~~~~ You cannot hate people for their own good.
17. "to be fair, this dude charged me like $30k" In response to Reply # 12 Thu Apr-09-15 06:19 PM by Mr. ManC
For an apartment that was worth only about $650 a month, were it legal that is.
Now for him to be acting slick AGAIN, AND I have all this leverage over him, hell yeah I'ma lock in my rent for as little as possible for as long as possible. It's my biggest bill and I support 2 adults.
________________________________________________ R.I.P. Soulgyal <3 SUPA NERD LLC. Knowledge Meets Nature Musica Negra #13irteen