Subletting someone's apartment is a relatively common practice in New York City. Maybe you need a place to stay for the summer before you start classes at NYU and you find a friend of a friend who's off shooting a movie in Europe for the summer. It's a win-win, right? You get an apartment close to your job and he gets reimbursed for his rent while he's away. Some tenants also sublet their New York apartments even though they're currently living upstate because they don't want to lose them.
If you are a landlord and you are going through the process of renting out your property in New York, it is important that you take the appropriate steps to ensure that no disputes arise. Disputes between landlords and tenants can be stressful for everyone involved, and they can also lead to costly litigation. Furthermore, they can often be avoided through proper communication from the start.
If you have recently started a business in the state of New York, you will undoubtedly be looking for a suitable location to run your business from. Finding the appropriate office or retail premises can be fundamental for setting up your business for success. However, signing a lease and understanding the terms can be quite overwhelming, especially if you are doing it for the first time.
The city of New York is one of the most expensive places to live in the United States and in the world. Renting an apartment can be very difficult, but a lucky few manage to find a rent-stabilized apartment. Rent-stabilized apartments mean that the landlord is limited to how much they can raise the price of rent in each given year.
A prominent New York property owner will reimburse residents of a Brooklyn building who had sued the after rents were raised.
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.