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Re: Yo Rich! Do you imagine these things?..HEY its an honest question

Posted by richard on January 18, 2000 at 19:16:25:

In Reply to: Yo Rich! Do you imagine these things? posted by TenantNet on January 18, 2000 at 18:30:45:

I was always under the belief that if the aprtment was ever to go under $2000 and the tenants did not make $175,000 that the apartment becomes stabilized again.

That is the reason landlords offer 2-3 months FREE rent with a years lease to prevent any lease to be under $2000... They did that in the early-mid 90's when the lease ends then its back to the unregulated rent.

$2633 rent x 12= 31,596 3 free months- $7900 = 23,696
or $1975 rent x 12= 23,700

same why wont Landlord"s lower the base rent if it remains decontrolled? I guess we'll see


: Rich, your credibility is about as high as the temperature. Since when would
: a destabilized apartment become restabilized if the owner found some reason
: to lower the rent below $2,000? Where in the law does it say that?

: : And heres a tip that will save you thousands of $$$$$$$ when the recession hits:
: : DO NOT TAKE XX FREE MONTHS RENT! Like they did in the early 90's
: : recession...WHY?? ....What you want to do is for the landlord to LOWER the
: : price of the apartment to under $2000 a month to re stabilize the apartment...

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  • Nope. MikeW 01/20/00 (0)

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