Landlord of NYC Checks out Violators of Lease Agreements
Released on = June 5, 2007, 10:06 am
Press Release Author = Lala C. Ballatan
Industry = Law
Press Release Summary = A landlord of an apartment complex, considered as one among the very last bastions for middle-class dwellers in Manhattan, is being accused residents of using Orwellian maneuvers for them to be driven off the apartment. The main purpose of this landlord's campaign is being able to raise amount for the rental for the apartment. On the other hand, according to the property owner, the procedure was done only to purge out abusive leaseholders. The landlord indicated of driving out stabilization and rent rules.
Press Release Body = A landlord of an apartment complex, considered as one among the very last bastions for middle-class dwellers in Manhattan, is being accused residents of using Orwellian maneuvers for them to be driven off the apartment. The main purpose of this landlord's campaign is being able to raise amount for the rental for the apartment. On the other hand, according to the property owner, the procedure was done only to purge out abusive leaseholders. The landlord indicated of driving out stabilization and rent rules.
Los Angeles, California, June 4, 2007 - One of United States' biggest apartment complexes is presently a staging area for intensifying conflicts between tenants and landlord. These apartments are a couple of developments made by the Village of Peter Cooper and the Town of Stuyvesant.
The tenants who are lucky enough to be holding lease on one of the apartment complexes' 8,000 units that are rent-stabilized pay only some portion of its market rate. This kind of payment allows them to save and have a lifestyle that cannot be reached by most middle-class dwellers of New York. They are mostly in vacation bungalows and have their kids enrolled in some parochial school.
In order that the landlords find the chance to raise the rent by a fraction legally, more than just a minimal amount every year, they pressure the tenant to leave the apartment or give proof that the said tenant also has some dwelling in another place.
According to the tenants, the firm Tishman Speyer Properties is behind these tactics and campaigns of driving them away. The said globally recognized firm for real estate bought the apartment complex amounting to $5.4 billion.
Tenants numbering hundreds are receiving notices for non-renewal of their leases during the past few months with charges that they are residing somewhere else or during about 183 days every year. They also presented evidence that are reports by private investigators and the tenants are reacting to such actions.
Some tenants are asked to present their credit card bills, voting records and tax returns in order to manifest their residency.
Experts indeed declare that in New York, it is common to abuse rules on rent stabilization so the Tishman Speyer could not be entirely blamed for their actions. Having tenants move out is actually an incentive for a landlord. Vacancies mean a 20% increase of rent to the next tenants.
However, the tenants in the apartment complexes are staunch in their position not to move out.
Mesriani Law Group, Los Angeles Lawyers - Our attorneys work on helping clients receive restitution for financial resources expended by them in an effort to make their lives normal again, in the aftermath of tragic accidents and events. We help in restoring our clients peace of mind by attaining large settlements and verdicts for them in a court of law. For more information please log on to www.mesrianilaw.com
Web Site = http://www.mesrianilaw.com
Contact Details = contactus@mesriani.com
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