Home Buying in 11216>Question Details

Chocolate143, Other/Just Looking in Brooklyn, NY

The building in which i have resided for the past ten years have now decided to sell the apt. to the tenant.

Asked by Chocolate143, Brooklyn, NY Wed Apr 15, 2009

It was covered as HDFC before i move in. Now I like other today have lost my job and is not in a good position to buy nor get a loan from the bank to purchase my only income is from unemloyment, and i don't know when i will be able to find another job. Can the board force me to buy or move out with my situation?

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Dear Chocolate143:

They cannot force you to buy but they may try to force you to move out. You do have certain rights as a tenant and they cannot simply throw you out on the street. Being that you do not have the ability to purchase the apartment they may ask you to leave. If you have a lease they will have to wait until your lease is up before they request for you to vacate. If you do not have a lease they may be sending you a 30 day notice shortly. Until that happens I would not panic. If it is impossible for you to get out within that 30 days after you recieve the letter, they will be able to start an eviction preceeding at that point in time and the case would be taken to court. This starts a process that can take 30 days to a year or more depending on the circumstances. I must also point out that I am not sure how this being an HDFC would effect what I am telling you. If you can afford it you may want to speak to a landlord tenant attorney (look for one on Google by doing a search for "landlord tenant attorney brooklyn"). Most attorneys will give you some information over the phone for free even if you do not hire them, so try to get in touch with one either way.

I have seen times where given the circumstances the landlord would compensate the tenant for leaving in a timely fashion ( like paying moving expenses, etc.), thus both parties would benefit, so keep that in mind. I hope it works out as best as it can for you, good luck.

Mitchell Feldman
Assictae Broker
Madison Estates & Properties, Inc.
Office: (718) 645-1665
Email: MitchellSFeldman@aol.com
0 votes Thank Flag Link Thu Apr 16, 2009
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