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Rental at 2245 Ocean Parkway, 11223

Started by Singermarc
over 13 years ago
Posts: 0
Member since: Jun 2012
The mgmt requires renters to have income 40x the monthly rent. Is that legal?
Response by alanhart
over 13 years ago
Posts: 12397
Member since: Feb 2007

40-50x monthly rent is extremely common. Under what sort of law do you think that would be illegal?

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Response by huntersburg
over 13 years ago
Posts: 11329
Member since: Nov 2010

Law of large numbers.

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Response by moccawaii
over 13 years ago
Posts: 11
Member since: Aug 2011

If you can't pay 40x the rent, you shouldn't be living there.

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Response by Consigliere
over 13 years ago
Posts: 390
Member since: Jul 2011

It is going to be difficult for the landlord to find a tenant. To have an exact income that is "equal to 40 x the amount of the monthly rent." How many people make exactly $42,000.00? 7?

Singermarc, this is very common in NYC. Legal it is a free market, they can ask for 100 times the rent.

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Response by ab_11218
over 13 years ago
Posts: 2017
Member since: May 2009

find a cheaper apartment if you aren't making the 40X. M&R are overpriced for the area. you should be able to find a similar unit for closer to $900, now you will need to earn $36K.

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