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
Satellite Office Located On the Upper East Side.
THIS IS ATTORNEY ADVERTISING.