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rent up-front

Posted by Patrick Mannion on August 13, 1998 at 09:45:34:

I read in a newspaper that landlords do not have the legal right to demand
more than one month of rent paid in advance, at least in New York City.

Is this true?

My broker dangled the apartment in front of me, telling me I had gotten it,
and then the day I needed to sign the lease, the "landlord" supposedly
changed their mind, and wanted an extra 3 months rent, applied towards the
last three months of the lease....Do they have the right to do this...and
do I have a right to claim interest on the money (it was a sizeable amount
of money)? The landlord offered me, in writing, a new lease, with a small
rent increase, making no mention of the continuation of the 3 months of
advance rent provision...and now they spring it on me, just before signing
this new lease.....any thoughts?

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