There is more to a holdover eviction than meets the eye. In short, this is a court case in which a landlord sues the tenant for the right to evict the person regardless of if the person is paying his or her rent.
It's no secret that renting an apartment or a room in New York City is not cheap. It can be a nightmare to find something that is both affordable in the moment and that is not in danger of accelerating in price in the near future. The market is an extremely competitive one, and that is why there are many laws in place to offer protections for renters.
You hope that your tenant pays in full and on time every month. There is nothing better than knowing that you can trust this person to live up to his or her end of the rental agreement.
Do you own a residential property or commercial property that you rent out to a tenant? Are you facing the difficult situation of a tenant who is behind on rent and/or unwilling to pay for one reason or another?
As a landlord, it's your hope that you never have to terminate a lease to evict a tenant. If you can avoid this, it probably means you are getting along fine. Unfortunately, there is no way of knowing what could happen in the future. There are many valid reasons for terminating a lease, including the following:
There is no denying the fact that signing a lease will impact your life in many ways. This is why you need to be careful about entering an agreement that doesn't have favorable terms.
Landlord and tenants have a relationship that can often become quite tense if trust is broken from one of the parties. It is a relationship that is often based on contractual agreements, and if there is only a minor breach of contract, the entire relationship can get very complex.
Beautiful apartments in prime locations are difficult to resist in New York, and renters are paying increasing amounts to live in what seems like "the right place."
As a tenant of an apartment or commercial property, you hope to remain in place for the duration of your lease. However, you know that life or business could get in your way at some point.
It is your hope that your tenant pays his or her rent on time and in full every month. However, if you've been part of the industry for any period of time, you know that this isn't always the case.