Stay out of the courts as that will only tarnish your reputation as a tenant. As far as rights its more of a legal issue best answered by a lawyer than a real estate broker or agent. Be prepared to move as you have no lease & I assume less of a leg to stand on should the new owner make an unreasonable request or perhaps the new owner needs the apartment for personal use as well.
See link below for helpful information, for any necessary legal advice consult with an attorney who specializes in real estate...
Interest is paid on security deposits only when the building contains 6 or more units. Even then, the landlord is permitted to take the equivalent of 1% interest each year as an administrative fee. With current interest rates on savings accounts hovering at or just below 1% I wouldn't count on earning any interest on a security deposit.
Landlords are entitled to collect annual administrative expenses of one percent of the deposit. All other interest earned on the deposits belongs to the tenants. Tenants must be given the option of having this interest paid to them annually, applied to rent, or paid at the end of the lease term. If the building has fewer than six apartments, a landlord who voluntarily places the security deposits in an interest bearing bank account must also follow these rules.
For example: A tenant pays a security deposit of $800. The landlord places the deposit in an interest bearing bank account paying 2.5%. At the end of the year the account will have earned interest of $20.00. The tenant is entitled to $12.00 and the landlord may retain $8.00, 1% of the deposit, as an administrative fee.... more
Your budget may be a bit tight for your requirements - although every now and then we all do get surprised with a fabulous yet underpriced unit that hits the market. If I were you, I would have my eyes peeled on units coming available for rent around October 1 if you could extend your move date by then. August 1 and September 1 are still considered the full-fledged rental season.
Rent to own opportunities are rare as most prefer to sell outright, therefore consider working with an agent of your own, he/she will best guide you. If you haven't done so yet, also consider visiting with any licensed loan officer, see if you can buy outright instead...... more
There is no typical, average or set rate. The commission is negotiable. Ask the broker if you can negotiate the fee. Each real estate company is free to set its own fee schedule and to negotiate various rates with individual tenants and landlords. Violations occur when competing firms agree to act together, this is what the US Justice Department calls restraint of trade. There is no set fee, fees are negotiable.... more
Although it appears that the monthly rent may be a misprint, if interested in the unit click on the contact the agent tab, under it's description-- or any local agent can help you, contact any realty office and inquire.... more
Not to my knowledge, speaking as a self-emplyed individual who uses a portion of my apartment for business purposes and deducts a portion of my rent from my business receipts. The CPA who prepares my taxes would certainly have alerted me to this if it were necessary. 1099 forms are used when a business or self-employed person pays another individual for a service; expenses like rent, advertising, utilities, etc., do not fall under this category. DO NOT give out your social security number to this person.
For the full, expert answer, ask your attorney or CPA, but this sounds might shady to me.... more
STEPS TO FOLLOW IF YOU HAVE BEEN UNLAWFULLY EVICTED:
1. Call the police. You may be directed to go to the precinct. If so, an officer will accompany you back to your apartment. (if the owner has removed the locks or door, explain to the police that you cannot leave your apartment unprotected and demand an officer come to the location.) Whether over the phone or in person get the name or badge number of any police personnel you speak with. In many cases the police will see this as a civil case and not within their jurisdiction. Mention the Police Patrol Guide procedure #117- 11 and if they still refuse to assist, demand to speak with a sergeant or whoever is in charge. In some cases you will end up having to make a complaint about the officer(s) with the Civilian Complaint Review Board.
2. It can be extremely helpful to present the following types of information to the police when seeking their assistance in an unlawful eviction:
1. A copy of your lease
2. Rent receipts
3. Utility bills
4. Mail addressed to you at the building in question.
5. Statements of non-involved parties such as neighbors.
6. Any written documentation of violations or harassment between you and the owner/landlord. This is not a legal requirement, but it does add credibility to your claim.
7. The address and phone number of the landlord, the super and/or managing agent
(it may make sense if you suspect the landlord may attempt an illegal eviction to keep copies of any of the above at another location so you can prove your claim. In many cases the proof the tenant needs is locked in the apartment where they cannot get access.)
If you get back in:
1. You should contact a local housing group immediately.
2. If you have a court case pending, go to court to file contempt.
3. Contact the City-Wide Task Force on Housing Court Coordinator (usually located in the lobby of your borough housing court).... more