Asked by Patricia, White Plains, NY • Sat May 31, 2008
Bank owned one bedroom apt occupied by rent controlled tenant. Sold as is with tenant. Owner is responsible to pay maintenance plus parking expenses; it then goes on to list what the tenant pays and what the monthly shortfall is. My question is: how does rent control work in co-ops in Westchester? What are the pros/cons of this, particularly to me as a potential buyer of another unit (not one of these with a tenant). Does it skew the owner occupied/renter ratio, and what are the downfalls of that? The complex I am inquiring about is Sunnybrook Gardens -- any info on what this complex is like, or how rent control/co-ops works in general would be appreciated.
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