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Re: move out offer to landlord

Posted by satori on February 22, 1999 at 13:52:50:

In Reply to: move out offer to landlord posted by dlewis on February 22, 1999 at 13:45:24:

$1800 for a rent stabalized apartment? well in any case, sure you can continue
to renew the lease even though you asked for money to move out.
but think as the landlord does profit/ loss. Think in the future, for
example if he can get $4000 a month for the same apartment in th future
over the next 30 years. your landlord migt be willing to give you
a half millon dollars to move, and he could make a half million as well,
just a thought.

: I was thinking of offering to my landlord that I would move out for an agreed cash sum. I still have 18mos left on my $1732 rent stabalized apt. It would be in his interest due to when I move, due to the vacany percentage, the rent would top $2000 and therefore no longer be under rent stabalization. If I stay I could continue to keep re-newing at only the regulated 2% a year.

: My concern is if we do not agree and I stay, does my offer constitute grounds for him not to renew my lease in 18 mos???

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