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Renting without C of O?

Started by ctrlaltdel
about 17 years ago
Posts: 43
Member since: Aug 2008
Discussion about
I expect we'll begin to see a lot more unsold condos hitting the rental market (in Brooklyn at least) - one that I'm about to go see doesn't have a C of O according to ACRIS. What are the consequences? I was already planning to negotiate a lower rent if i like it (cause, why not, right?) Can I ask for an even lower rent, with a predetermined increase contingent on them getting the C of O? Or is the fact that they're renting them anyway mean that they don't give a sh*t whether they have it or not and there's no way for me to take advantage of this situation.
Response by drdrd
about 17 years ago
Posts: 1905
Member since: Apr 2007

Rent might be the least of your worries. It is not legal for them to rent that unit; I THINK that the authorities could make you vacate the premises without a CO; that may not be probable but possible.

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Response by ctrlaltdel
about 17 years ago
Posts: 43
Member since: Aug 2008

Well, what I would do is put a clause in the lease that I could walk away from it and get my deposit back if they don't have the C of O by a certain date. If they didn't agree to that, I'd walk away now, there will be plenty on the market and I have a pretty flexible move date!

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Response by dledven
about 17 years ago
Posts: 198
Member since: May 2008

i think the owners thinking or renting out without the CO are crazy, if there was ever a fire and some one died they are going away to jail for murder. if someone moves in and doesn't pay rent how do you evict them? owner can't take them to court?

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Response by manhattanfox
about 17 years ago
Posts: 1275
Member since: Sep 2007

Failure to have a proper c of o may void any insurance you have on your belongings. The building is at risk for you -- it is a bad situation for you to knowingly walk into...

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Response by ctrlaltdel
about 17 years ago
Posts: 43
Member since: Aug 2008

what a scam - the pictures were of a different (very similar) building then the one i was interested in, which was still very much under construction -- kitchens weren't even put in! the guy told me they'd have their c of o by december, i told him he was crazy.

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Response by ctrlaltdel
about 17 years ago
Posts: 43
Member since: Aug 2008

er, THAN the one...too late for coherent posting

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