Misrepresentation by Broker - Rental

Notwithstanding what appears to be a potential conflict by the broker in representing you as the renter and the seller at the same time, you have no rights to a lease renewal as a tenant in small brownstone like this. They offered you an 18 month lease, and after the 18 months, the former owner or the new owner each could have said thanks, now get out. If you wanted to be guaranteed longer than 18 months, you needed to have signed a longer lease at the start.

As others have said, try to have a conversation with the new owner and try for a new lease. You can also reach out to the broker and/or the firm, but I dont think you are going to get very far there. A complaint to the Real Estate Board of NY against the broker may get some traction, but not your money back.

boredatwork

in General Discussion 9 years ago

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james3210 | 9 years ago

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Aha… actually I just found it. We did sign it and it’s checked off and signed that she is the tenant agent so was working solely for us. Not for the landlords and not as a duel agent.

james3210 | 9 years ago

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Aha… actually I just found it. We did sign it and it’s checked off and signed that she is the tenant agent so was working solely for us. Not for the landlords and not as a duel agent.

slopefarm | 9 years ago

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So the same broker was working as the renter’s agent on the rental and the owner’s agent on the sale? This appears to create a bit of a conflict that a little more candor on the broker’s part would have gone a long way to remedy.

Still, best steps here are to try to seek renewal with the new owners and pursue your concerns gently at first, if at all, with the broker so long as a lease renewal seems possible.