A Whole Mess of Renters
In early ’09, when many owners of condo developments were having trouble selling units, they began offering them to renters instead. But now, the buyers are coming back and the tenants’ leases aren’t up yet, says the New York Times. In order to show an in-use apartment to potential buyers, a real estate agent needs…
In early ’09, when many owners of condo developments were having trouble selling units, they began offering them to renters instead. But now, the buyers are coming back and the tenants’ leases aren’t up yet, says the New York Times. In order to show an in-use apartment to potential buyers, a real estate agent needs permission from the renters, “who are not as motivated as owners to keep it in museumlike shape for viewing… there’s often a wife, a baby and a nanny at home — and the corresponding toys and other evidence of family life.” (Of course, “evidence of family life” is an altogether different beast from the, um, “evidence of bachelor life” pictured above.)
The article cites several Manhattan landlords who are facing this situation, but has anyone noticed that this is becoming an issue in Brooklyn, too? And while it’s certainly annoying for landlords and potential buyers to deal with occupied apartments, isn’t it just as unpleasant for the soon-to-be-ousted renters?
The Renter Roadblock [NY Times]
Photo by dalasv
I feel the sellers’ pain. Very short window during the recent bump in the double dip from the March lows (if you actually believe the real economy is tied to the stock market – ha ha!).
They missed the Pre-Lehman high because of euphoria and now the bump because of that damned lease. Oh well, hold on tight! (“Look, Ma! No hands!”)
Seems like these examples were mostly in the high end. And their asks/comps were 20x annual rent or more. So, come on Brooklyn landlords/tenants! Answer the question: “has anyone noticed that this is becoming an issue in Brooklyn, too?”
***Bid half off peak comps***
Thanks, bklynlawyer, we definitely needed the help of a lawyer to figure that one out.
Montrose,
I think that the theory is that condo owners who are trying to sell have an incentive to keep the place spotless, while renters don’t have the same motivation (and may actively try to keep a place from selling so they can hang onto their home – I can’t blame them).
haha – you could have a lot of fun if you’re a renter with a situation like this.
i agree with above, this is bullshit propaganda.
this only just proves my notion that landlords are MEAN!
think about the word itself. LAND LORD. wtf? im sorry but just cuz you got a loan from a bank doesnt mean you own shyte.
ill squat on your roof with my pitbull if i want and you cant really do anything about it.
*rob*
especially if the doorbell ring is BONG
I only wanted to tar and feather real estate agents now that I have read this wonderful work of giornalism I want to tar and feather anyone working for the NYT!
Thank you Montrose. Your commentary was far more eloquent than my visceral desire to tell the NY Times to “go forth and fornicate thyself.”