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Posted by richard on February 29, 2000 at 23:00:28:

In Reply to: Will subletting nullify my lease renewal? posted by Tami on February 29, 2000 at 11:03:50:

TAMI:

The most important consideration is: do you ever want to live in New York City again?

If the answer is yes, then sublet for the year, and if you dont come back well goodybye apartment forever. And at a cheap rent!

And your subtenant would be faced with either a non renewal of your sublet, or paying a 20% vacacy increase next year for a new lease or to move.

Its up to you, what if the job turns out to be a a flop or just a temp job??? at least you could get your apt back next year.

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: I live in a rent-stabilized apartment. My lease ends June 30, and I just sent in a one-year renewal notice. There's a chance that I'll be offered a job in another state; if I take it, I may need to relocate before my current lease ends. If that happens and I ask my landlord for permission to sublet, will that nullify the renewal? My concern is that I'll have trouble finding a subletter for just a month or two and will be stuck for the rent, whereas I'll have no trouble finding someone if they know they can stay in the place for an additional year. I've been combing through the fine print on my original lease, rent regulation rider, etc., and I find one piece of information that seems relevant in an indirect way: Apparently, if you're subletting into a renewal period, the landlord can apply a vacancy allowance to the subletter at the point where the renewal kicks in, as if you had vacated at the end of the current lease and as if the subletter was a new tenant just moving in. This suggests that I could sublet through the end of my renewal lease, but I'm really not sure. Has anyone dealt with this problem? Thanks.

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Comments:
:  TAMI:

:  The most important consideration is:  do you ever want to live in New York City again?  

: If the answer is yes, then sublet for the year, and if you dont come back well goodybye apartment forever. And at a cheap rent!

: And your subtenant would be faced with  either a non renewal of your sublet, or paying a 20% vacacy increase next year for a new lease or to move. 

:  Its up to you, what if the job turns out to be a a flop or just a temp job???   at least you could get your apt back next year.

: ------------------------------------------------------------------

: : I live in a rent-stabilized apartment.  My lease ends June 30, and I just sent in a one-year renewal notice.  There's a chance that I'll be offered a job in another state; if I take it, I may need to relocate before my current lease ends.  If that happens and I ask my landlord for permission to sublet, will that nullify the renewal?  My concern is that I'll have trouble finding a subletter for just a month or two and will be stuck for the rent, whereas I'll have no trouble  finding someone if they know they can stay in the place for an additional year.  I've been combing through the fine print on my original lease,  rent regulation rider, etc., and I find one piece of information that seems relevant in an indirect way:  Apparently,  if you're subletting into a renewal period, the landlord can apply a vacancy allowance to the subletter at the point where the renewal kicks in, as if you had vacated at the end of the current lease and as if  the subletter was a new tenant just moving in.  This suggests that I could sublet through the end of my renewal lease, but I'm really not sure.   Has anyone dealt with this problem?  Thanks.


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