Q. Can the building management for my apartment keep insisting that I have a guarantor after seventeen years of good tenancy? If so, and if I can no longer use this guarantor, what are my options?
A. Anytime that your lease expires and you and your landlord wish to enter into a renewal lease, the landlord has the option of reassessing your creditworthiness in advance of extending the lease. If in the past you required a guarantor in order to qualify for the apartment, the landlord would be reasonable in insisting that they continue to guarantee the lease.
WHO: Isaac Mizrahi returns to “Project Runway All Stars” this week to judge the best clothes contestants might make from tinsel or flowers among other things. But we’ll only be impressed when they stitch a coat out of cable boxes.
This $4,250/mo no-fee Chelsea 2-bedroom at 457 W. 17th St. has been gut-renovated, boasts a stainless steel kitchen and is in close proximity to the neighborhood’s many nightspots, art galleries and eateries. Does it make you want to move downtown?
In this edition of Take It or Leave It, our trio of renters mulls over the merits of this no-fee, gut-renovated Chelsea 2-bedroom. Our panel—who have 43 years of collective rental experience between them—consists of RentHackr founder Zeb Dropkin, freelance writer Lambeth Hochwald, and BrickUnderground’s own senior editor, Lucy Cohen Blatter.
Size:2 bedrooms, 1 bathroom Location:457 W. 17th St. between 9th and 10th Aves. in Chelsea Cost & concessions:$4,250/month+1 month free on 13-month lease, no broker’s fee Flexible Layout:No Subway: A, C, E, L at 14th St.-8th Ave.; C, E at 23rd St.; 1 at 18th St.; F, M, L, 1, 2, 3 at 14th St.; PATH at 14th St. Station
Q. My wife and I are legally separated but still own a condo together. She lives there now with our two kids.
She got onto the board last year and is trying to push through some expensive improvements to the building (playroom, roofdeck, lobby renovation) that I'll be subsidizing even though I don't live there anymore.
Can we both run for the board in the next election? And can I serve on the board even though I don't actually live in the building?
A. That all depends on your building's rules, say our experts.
Having nightmares about how you’re going to afford to pay a broker fee of 12-15% of a year’s rent for your next digs? Rest easy by taking a look at the scores of no-fee and low-fee apartments—meaning ones with fees of 9% and under—catalogued for your browsing convenience at apartment rental website Naked Apartments. Skim through the places listed here in our Low-Fee Rental Roundup or find many more by searching for “no fee” or “low-fee” at Naked Apartments.
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