Landlord Loopholes: Issues To Consider When Renting An Apartment

August 19, 2013  |  

There are plenty of ways an independent landlord could get over on you as a tenant. Knowing your rights as a tenant could pay off big and protect you from a money-hungry landlord. Perfect example of this: A 30-year old Harlem, NY tenant is paying only $1 a month (yes, only $1!)  for his two-bedroom apartment because of a loophole he found that his landlord did not overturn, DNAinfo New York online reported.

Make sure you are well-informed and knowledgeable about these main factors of renting from an owner before it becomes an financial and legal issue.

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  • SociopathShutUp

    Reading someone’s timeline isn’t going to do nothing. You still have to live with you insufficient funds life and family:

    Sociopathy is a type of anti-social personality disorder, a condition that prevents people from adapting the ethical and behavioral standards of his or her community. Sociopathic individuals can be dangerous, exhibiting criminal behavior, organizing dangerous cults, and causing harm to themselves and others. If you think that you know somebody who suffers from this disorder, read this article to learn how to determine whether your instincts are correct.

  • Bits

    another good tip for renters (specifically in NYC) is…1) the Roommate Law (google it). Some landlords in NYC want everyone that will be living in the unit to sign the actual lease. For whatever reason some tenants may not want their roommate, boyfriend, cousin etc on the lease. The Roommate Law is a loophole because the primary tenant can sign the lease and then move in ONE PERSON without getting the owner’s permission. A lot of tenants with roommates think that their roommate has to be included on the lease and that is not true…at least not in NYC. 2) Also tenants have the right to look over the lease BEFORE the lease signing…in fact this should be done so that the lease signing goes smoothly and without any last minute misunderstandings (not really a loophole but helpful info). 3) Oh and DON’T be afraid to negotiate the rent amount. Most of the time (especially in NYC) the apartments are overpriced anyway. Especially if you have good credit and stable income the owner will be willing to negotiate rent with you 🙂