Re: NYC Rent Stabilized Apartments - Landlord Forum thread 151136

Re: NYC Rent Stabilized Apartments by KEVIN WONG on February 11, 2008 @08:34

I do not have any rent stabilized apartments.
I use the LPA lease on all my properties. I leave the daily rental clause in. I thought it would never work so I considered deleting it as my lawyer suggested.
I asked my lawyer WHY he thought I should delete it. He said it probably won't hold up in court. I said "if I end up in court, then I'm paying for an eviction and this clause is meaningless.." He agreed.
So it occurred to me that this clause could save me a lawyers fee if the tenants leave within the notice period. I kept it in the lease. On more than one occasion I had the execution of daily rental form get tenants to leave.

I would not use it on tenants who owe a lot of rent because I would want a money judgment on them.

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