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rose associates - rescinded leases?

Started by nycrenter846
over 13 years ago
Posts: 0
Member since: Aug 2012
Discussion about
Rose Associates has recently issued leases to the tenants in its buildings(namely the Madison Belvedere on 10 E. 29th Street) at a 3% increase and then, even after these leases were returned and signed by the existing tenants,rescinded these leases and issued them at a 15%+ increase. The building has just passed its tax abatement / rent stabilization timeline. Has anyone experienced this with Rose or any other management company? Tenants are playing to build case. Thx
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