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Re: Buy-Outs Are they legal?

Posted by Ace on July 25, 2001 at 11:10:32:

In Reply to: Buy-Outs Are they legal? posted by Stacy Rosenstock on July 25, 2001 at 00:36:08:

Because you're rent stabilized, it's harder to get you out of the apartment. If you're looking at money (which sounds also like hush money) make sure you get them for every dollar BEFORE you move, not after. Otherwise, once you sign your rights away to the place, they don't have to give you a damned dime. If you want to stay, then don't sign and go after them in court for whatever wrong they've done for you guys to all be there in the first place.

: I'm a rent stabilized tenant in New York and have been in housing court with my landlord for almost a year. Today the LL's attorney mentioned to the judge that's they've offered me a buy-out. I was surprised since I didn't think it was legal. If course he didn't mentioned my LL ofered to buy me out, on the installment plan, with payments to begin AFTER I move.

: Stacy

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