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Taking over friend's lease

Posted by Danielle on December 25, 1998 at 22:24:35:

My friend has a rent-stabilized apartment in an up and coming part of Park Slope. He is planning to move out Feb. 1, though his lease doesn't run out till August.

I would like to take over his lease, but I don't know how much the landlord could raise the rent for a new tenant.

My friend mentioned something about a 15% increase, but didn't know what it was called. Also, he wasn't sure if 15% was too high for the market to bear. The rent is currently $1200.

I tried looking around for information on the pages but since I'm not really sure what I'm look for, I'm not sure how to find it.

Also, looking for advice on -how- my friend can broach the topic with his landlord, suggesting me as the new tenant. He has had a very good relationship with his landlord and has lived in the apartment for 1 1/2 years. We were thinking that the fact that I am a woman, a computer professional AND a doctoral student would sound pretty stable to the landlord but another friend thought that being a student might be frowned upon for instability.

Thanks in advance,

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