Whenever a landlord has to pay for a hotel room for a tenant, there are several things that he or she should consider. First of all, it is important to make sure that the cost of the hotel room is reasonable.
This way, the landlord will not be faced with unnecessary expenses.
Another thing that the landlord should consider is to make sure that he or she has an implied warranty of habitability.
In addition, it is important to know that a tenant who is 62 years old can qualify for an exemption from rent increases.
Properly prorate the rent
Whether you’re a property owner or a prospective tenant, you should take the time to consider all of the options available to you before making a rash decision.
The best advice is to take the time to speak to a qualified real estate agent before signing any contract.
The same holds true for any other important business decision.
The best bet is to ask your prospective tenant what they are looking for, and what their budget is.
This will make it much easier to find the best possible tenant for your property.
The best part is that most landlords will be more than willing to negotiate a fair deal.
The only caveat is that you should be clear on what you want to hear and what you’re looking for, and what you don’t want to hear. Hopefully, all of this will pay off in the long run.
The best part of the entire experience is that you’ll have a happy tenant that will be there for the long haul.
Implied warranty of habitability
Whether you are a tenant or landlord, you have an obligation to provide your tenant with a safe and habitable place to live.
This includes keeping your apartment in good repair and providing amenities such as electricity and hot water.
The good news is that the law is on your side. There are several codes and statutes pertaining to maintaining rental properties.
Many of these codes are administered by trained personnel who inspect rental properties on a regular basis.
If your landlord is not making good on his end of the bargain, you have a couple of choices.
You can use the court to decide how much rent to abate, you can pay the difference, or you can simply leave.
The best advice is to take the time to find out your tenant’s rights and responsibilities.
Once you have done this, you will know what to do when your unit fails to meet the standards.
For example, if you have a child under ten years old, you may want to give your landlord a warning to fix the problem in good time, rather than waiting for it to get worse.
You may even be able to get out of your lease if your apartment fails to meet the standards of your state.
For example, if you are living in New York City, you may have to vacate the premises if your apartment fails to meet the requirements of the city’s building code.
The best way to keep your tenants happy is to provide the right amenities at the right price.
The best way to do this is to know your tenant’s needs before you sign a lease, and to be upfront and honest about any maintenance needs. You also need to know how to negotiate your monthly rent.
You may want to use your landlord’s time as a bargaining chip to negotiate a better deal, or simply ask for a higher monthly rate.
This way, you can maintain a healthy relationship with your landlord and keep your property afloat.
62-year-old tenants may qualify for an exemption from rent increases
62-year-old tenants may qualify for an exemption from rent increases if they are named on the lease and live in an apartment regulated by the Emergency Tenant Protection Act (ETPA) or Senior Citizen Rent Increase Exemption (SCRIE) program.
To qualify, tenants must meet certain income and age requirements.
Applicants must be named on the lease, 62 years old, and have a countable annual household income of $50,000 or less.
Applicants in Section 213 cooperatives and hotel units must apply through the Department of Housing Preservation and Development (HPD).
Applicants in Mitchell-Lama cooperatives must apply through the New York City Department of Housing Preservation and Development (HPD).
SCRIE provides eligible senior citizens with a rent freeze.
The program was expanded in 2005 to include individuals with disabilities. In addition to the rent freeze, eligible tenants are also exempt from maximum base rent increases and future rent guidelines increases.
In some cases, the SCRIE program also exempts capital assessments and carrying charges.
In addition to the freeze, eligible tenants may qualify for Special One-Time Assistance.
This helps tenants pay the first month’s rent for up to one year.
SCRIE is administered by the Department of Finance. To apply, tenants must complete an initial application and provide a copy of the current signed lease.
The application must include information on the names, dates of birth, and social security numbers of all household members. The Department of Finance will evaluate applicants’ applications and notify tenants of the dates when they are eligible for the exemption.
In addition, tenants must pay a security deposit, which will be returned to the tenant plus interest.
Eligible tenants may also apply for Disability Rent Increase Exemption. This program was established by the New York City Council in 1970 to provide senior citizens with an exemption from rent increases.
Eligible senior citizens may qualify for this program if they are named on the lease, have a countable annual household income of less than $50,000, and pay more than three-quarters of their total household income on rent.