Posted by gary on January 13, 2001 at 14:44:13:
In Reply to: Landlord sent offer letter to vacate. Help! posted by georgygirl on January 12, 2001 at 12:30:29:
Calm down..... you are in a strong position. You can either accept his offer -- which may or may not be a good one-- or stay.
If you stay, you are entitled to a renewal lease. The increases will be at the guideline rates.
Research on this boardwhen he is supposed to give you a renewal lease. I think it is no less than 120 days before the termination of the lease. For you that is Jan. 1, I believe.
If he is late supplying you with a new lease, he is already violating the law.
If so, that puts ahead the date for renewal of the lease. You would need to file a DHCR complaint to enforce your rights.
Now, let's say you decide to stay. He can apply for a MCI--major capital improvements--increase, at the conclusion of his repair work. This can result in a rent increase, if tenants do not contest it or the increases are approved by the DHCR. Afraid I have little familiarity with the MCI process, but this board has tons of stuff on that.
I do know that you can tie him up with the DHCR for aeons.
Or you can take his offer or try to get him to increase it.
If you leave, how much more will you have to pay? Will five months increase pay for your increased rent? It may not. You rented in '94, when rents were still pretty cheap. I'll bet his offer is simply not going to be enough. Shop around--see what the current rents are.
Then research the MCI question and see how much your rent may go up if you stay.
You may want to come back with a counteroffer--ten months rent. Twenty months rent. Analyse the economics first.
Note: Posting is disabled in all archives
Post a Followup