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Re: rent up-front

Posted by Patrick Mannion on August 13, 1998 at 13:18:53:

In Reply to: rent up-front posted by Patrick Mannion on August 13, 1998 at 09:45:34:

oh yeah....I'm not rent stabilzed, living in "unsold shares" of a
co-op building.

: 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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