Posted by Cranky Tenant on February 08, 2002 at 11:55:53:
In Reply to: asking for lower rent??? posted by anon on February 08, 2002 at 03:35:30:
The problem is, if you were to move, the LL would be entitled to a Vacancy Increase -- even if he rented the apartment for less to someone else. Then once the market improved he could raise the rent to reflect the new maximum base rent which would be higher than if you remained in the apartment.
The liklihood of your LL agreeing to a decrease probably depends a lot on exactly where you live. If you're downtown in an area that was impacted by Sept 11th he might agree to some kind of preferential rent.
: Hi all,
: W/ the current rental market due to the disasters that occurred on 9/11 and the bad economy, I've noticed that the rents have substantially decreased across the board for apartments in Manhattan. In light of this current market, my rent was still increased for the next lease term. (I do live in a rent stabilized building so it was increased 4.?% My question is, do you think the landlord would allow me to keep my current rent or even decrease the rent, on the basis that if I don't renew the lease, they probably couldn't get a lot for the apt. because of the drop in rents? What do you all think?
: p.s. the landlord scammed me w/ a "broker's fee" when I began my lease. I wrote him a letter and all but still no response. Basically he seems money hungry.
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