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re: In summary
Posted by: toros 08:51 am EDT 07/05/17
In reply to: In summary - aleck 08:07 am EDT 07/05/17

I really appreciate this information. Like you, I consider my rent-stabilized apartment a great asset. That said, I can't find a lot of the information you include here anywhere in the Tenants Right Guide, or elsewhere. Where, for example, did you find the information about "apartment swapping" being illegal? I guess I don't understand the difference between that, and what you describe as renting "to people I know who are looking for a chance to have a New York apartment for a few months," unless you mean swapping with someone you don't know. That's what I don't understand. Is swapping with someone you know legal, and swapping with someone you don't know illegal? And are you saying it's legal to rent to someone you know, but illegal to swap with someone you know? I'm confused. Thanks for the tip about adding a clause to reclaim the apartment. Very helpful.
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re: In summary
Posted by: aleck 02:14 pm EDT 07/05/17
In reply to: re: In summary - toros 08:51 am EDT 07/05/17

Exchanging residences is viewed as receiving a monetized consideration for the use of your apartment -- even if the "value" of the other residence is lower in value than your apartment. Remember that the landlord wants you OUT of that apartment so that the apartment could be converted into a market rate apartment. What's of interest here is not the value of the rent you pay now as a rent stabilized tenant, but what the landlord could get as a market rate apartment if you can be evicted. The landlord is motivated to find a way to evict you, you know.

That said, people swap apartments all the time and for long periods of time. But, of course, it's a risk and housing court can be ugly and costly.
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