KIMMEL LAW FIRM
Your Subtitle text

"BUY-OUTS"

We represent tenants in the negotiation of buyouts for their rent-regulated apartments.  A rent-regulated apartment in New York City is a substantial asset for a tenant, enabling him/her in many cases to pay far below market rate for their apartment.  Additionally, each time a lease expires, rent-regulated tenants are entitled to an automatic renewal of their lease.  Unlike market rate apartments, where a landlord can raise the rent for a renewal lease as high as they want, there is a cap on the amount that their landlord can raise the monthly rent in a renewal lease for a rent-regulated apartment.  Since landlords can raise the rent higher if their rent-regulated tenant moves out of their apartment (or even de-regulate the unit to raise the rent even higher), many landlords are willing to offer tenants money to move out of their apartment, in some cases a very substantial amount.  We represent tenants in the negotiation of such buyout agreement, and ensure that they get maximum value.




KIMMEL LAW FIRM
305 Broadway, 9th Floor
New York, New York 10007
  

(646) 682-7777

Satellite Office Located On the Upper East Side.

THIS IS ATTORNEY ADVERTISING.