Strategies to survive a rental to condo conversion (or at least walk away with a big buyout)

… larger lavish units and converting them to condos netting profits without the expense or hassle of putting up a new … isnt going to get the landlord to change their building policy but 40 people well might tenants rights lawyer  …

By Virginia K. Smith |March 20, 2015 - 12:59PM
Yes, you can have a $10/month, 50-year lease in NYC—technically, anyway

… Parker claims he was like a surrogate son to Schuman He currently sublets the place for $2500 a month  The buildings … real estate attorney Terry Oved says If the apartment were rentstabilized it would be a different story since those … continue the suit seeking action to declare the contract null and void For convenience purposes the closing was held …

By Virginia K. Smith |November 11, 2014 - 11:59AM
How is the buyout of a rent-stabilized apartment taxed?

… Q Im in preliminary talks with my landlord about a buyout of my rentstabilized apartment Ive … pointing out that A house is used for personal purposes and when you sell a house at a gain its capital gains Caesar was … so that its clear the payment is for termination of the tenants right of renewal of the lease cancelation of the …

By Leigh Kamping-Carder |October 27, 2014 - 1:59PM