If you live in New York, you probably have heard the terms "rent-controlled" and "rent-stabilized" apartments. Each one has a purpose, but do you really know the difference? The difference is important and dictates the rate at which the landlord can rent the property.
Tenants have many rights when they move into a property. However, if you've ever faced an angry landlord, those rights might not be the first thing on your mind. You're probably worried about what you can do to appease your landlord or trying to decide how to stay out of trouble.
As a landlord, you maintain the right to enter your property at certain times with notice. In most cases, tenants are fair and allow you to enter without issue. However, if a tenant refuses to let you it, it could cause a problem.
When you rent a property, one of the biggest questions is what happens if something breaks. Depending on the contract and rental agreement you signed, it may be your responsibility to replaced damaged appliances. In some contracts, the landlord will replace damaged goods.
There are times when landlords and tenants may have disputes. In these cases, it's very important for both sides to be open and honest when they speak with one another. Respect can go a long way when you are in a contracted relationship with one another.
Rent stabilization is one of the benefits of living in New York City. It's a type of regulation of rental costs where rent-stabilized apartments are set at one rental cost per month for the length of a tenancy. People may pass on the apartment to next-of-kin and others so long as they do so according to New York's laws.
One thing that sometimes happens after a tenancy ends is that the landlord and tenant have a dispute about money owed. Even if a tenant pays through the lease, there may be damages and a deposit to deal with.
If you're a tenant and aren't sure if your landlord actually likes you, it's a good idea to understand what is and isn't good behavior from a tenant. By changing a few things, like how you handle problems at the house or reach out to your landlord, you can be a better tenant and get along with your landlord.
Tenants may have many complaints ranging from the serious to insignificant, but it's vital for landlords and tenants to be able to discuss complaints and come to an agreement on how to resolve them.
Landlords and tenants have to have a good relationship, or at least a civil relationship, to make any tenancy work. Landlords need to be respectful of tenants' rights, and tenants need to be respectful of the landlord's property. When the two come together and work together for both their benefit, there can be a great relationship that is profitable for the landlord and comfortable for the tenant.