Rent Control Revisited
I recently looked at a four story house that is divided into an owners duplex, one rental with no lease, and one additional rental that is rent controlled. I believe the rent controlled tenant inherited the apartment from his/her mother. I read the posts on this site following the NYT article on rent control this…
I recently looked at a four story house that is divided into an owners duplex, one rental with no lease, and one additional rental that is rent controlled. I believe the rent controlled tenant inherited the apartment from his/her mother.
I read the posts on this site following the NYT article on rent control this past October. I’m wondering — is anyone willing to share stories on rent control buy-outs or evictions? Does that ever happen? If so, how much time and money have owners spent to remove rent controlled tenants?
why don’t you leave the poor person alone? another example of horrid gentrification. you bought the house knowing the situation. live with it.
Thank you all so much. This is very helpful. If others have tips, I’m taking notes. Thanks again, N
There are lots of misconceptions about rent control, and one of them is that someone can leave their rent controlled apartment to one of their family members in their will. Nope, not enforceable.
Now, if the son/daugher lived with mom for a period of two years in the apartment and meet other statutory requirements, then that family member *could* gain rights as a rent controlled tenant, but dear old mom cannot decide she wants to leave the apartment to her kid living in NJ. Doesn’t work that way, and never has.
Word on our street (Park Slope) was that a tenant set a price of $75,000 to move out of her rent controlled 800 square foot 4th floor walk up.
I believe this was negotiated by the seller and paid by the buyer.
Don’t know what she was paying in rent but I suspect it wasn’t much as she had lived there a long time.
She took the cash and bought a home in Florida.
It will be a nightmare to get the tenant out, especially if the apartment lease was inherited. As the previous poster said, if it were easy to get the tenant out, the seller would have done it before putting the house on the market. The property is worth much more if it’s delivered vacant.
if you want to get the people out. don’t do it yourself. have the current owners do it. cause if they can’t get rid of them, surely you wouldn’t either.
its always cheaper and easier that way. you could offer the owners more money if they can get it deliver vacant.