Things to know before signing a lease
Started by WestnewbietoNYC
almost 11 years ago
Posts: 1
Member since: Dec 2014
Discussion about
....with a licensed salesperson Any tips - insights would be helpful. First NYC lease. My experience is signing directly with the property owner.
Questions:
1 - What kind of apartment / building?
2 - What price point?
3 - What neighborhood?
4 - How long is the lease?
Liquor up
whats the demographic of the building.
whats the demographic of the neighborhood.
neither of which they can answer really but they can direct you to someone or someplace that will answer.
I assume it went well since you haven't returned to the forum, if you have any questions about the lease signing, feel free to email me at snezan.cebic@elliman.com
is this a co-op, condo or regular rental building? if it's a condo/co-op, and you're using the standard form of residential lease for condos, make sure you take out the provision where you're responsible for paying increases in common charges, maintenance, etc. I didn't remove this provision back in 2004 and ended up being forced to pay the owner's increased assessments - something no renter should ever be obligated to pay. Same thing happened to a friend of mine a few years ago. It's no fun.
Question for landlords, do you have your tenants sign a property condition form?
Yes, all tenants do an inspection and all problems are noted on a report.
Look at the behavior of the people and of the staff. Negotiate the lease form if you are paying more than 5K a month. Assume all venal promises are false.