Posted by brenda on May 28, 2000 at 11:03:47:
In Reply to: Housing Court Decisions - Erroneous Notes By Attorney Summarizing The Case posted by Mark Smith on May 28, 2000 at 08:00:45:
: If the Golub Notice had not been timely served, then the landlord would have to renew the lease and wait another two years (if the tenant wisely chose a two-year renewal lease) to serve a timely Golub Notice near the end of the term of the renewal lease.
Just a naive question, if you don't mind -- why would a tenant be wise to choose a two-year renewal?
In recent years it has made more economic sense to choose one-year renewals, because of the lower increase. Since a landlord must renew the lease, why renew for two years if one year makes more economic sense?
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