The agreement provides
for rent of $120,000 per year, but all of the rent ($1.2 million) is paid on 12/31/2000.
Final section 467 regulations present problems and opportunities
The 1981 Housing and Vacancy Survey of New York showed that those searching
for rent stabilized apartments have lower incomes than those already in them.
There's nothing liberal about rent control
More than 25% of renters paid over 50% of their income
for rent. Rent controlled tenants paid 33.4% of their income towards rent while rent stabilized tenants paid 28.4% of their income.
Taking stock of what's on offer
This month, the industry is dealing with yet another of the outgrowths of regulation -- the annual Rent Guidelines Board process to determine 2002-03 lease renewal rates
for rent stabilized apartments.
Rent Stabilization Assoc. tackles rent issues. (Insiders Outlook)
Nevertheless, various judges in the courts of New York still are in conflict as to how FDCPA effects non-payment proceedings, particularly since New York State law also requires formal notices to be served upon defaulting tenants, such as the three-day notice of demand
for rent as required by Real Property Actions and Proceedings Law (RPAPL), [section]711(2).
Does Federal Fair Debt Collection Practices Act affect non-payment eviction proceedings?
These changes relate to: rent demands; non-primary residence "agreements"; acceptance of rent payments; and the statute of limitations
for rent overcharges.
Recent developments in landlord-tenant law
The guidelines will be in effect
for rent stabilized leases that begin on October 1, 1998.
RGB proposes rent increases at 2% and 4%
Equally important is a strict four-year statute of limitations which will end unlimited liability
for rent overcharges.
A year of historic reform in rent regulations