Posted by Jennifer on August 18, 1998 at 12:15:14:
In Reply to: Re: rent up-front posted by Patrick Mannion on August 13, 1998 at 13:18:53:
In NYC, the landlord can hold a security deposit not greater than one month's
current legal rent. If you did pay a greater amount, you can file a complaint
of overcharge with the NYS Division of Housing and Community Renewal on its
Form RA-89. You can file for triple damages if this did occur.
About the interest....if there are 6 or more apartments in the building, the
money has to be in an interest bearing account. If not, he is not required
to do so by law. But if he does, the interest is yours.
: 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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