In cases like these, a fraudulent rescue company convinces a homeowner to sign over the title while building equity as a renter.
The formula is as it was: For buildings with 35 or fewer apartments, the landlord can take as a rent increase 1/40 of the cost of the improvements.
G & W then granted the city use of Stone's building as a visitors center, rent free, with the strict proviso that it not be altered in any way.
The company also offers management and consulting for residential and commercial buildings, as well as rented properties in Germany.
One landlord, Rockrose Development, is offering 20 or 25percentt cuts in rent, depending on the building, as well as one month's free rent, and will allow leases to be broken until the end of the month with the forfeit only of the security deposit.
In addition to renting space for offices, Mr. Himmelrich plans to use about one quarter of the building as a "telecom hotel," space rented by telecommunication and Internet companies to house the types of equipment that are the backbone and nerves of electronic commerce.
... Every time you come in, we pour into your glass". While fundraising is always difficult, as for any nonprofit, renting out the ballroom upstairs to community events has helped provide enough income to cover their costs for renting the building as well as some building costs.
AFTER 14 years as a renter in the same building, Karen Schnelwar believed that buying a one-bedroom was a wise course of action.
Yet Mr. Burwick's niece, Gail Amsterdam, a corporate recruiter who still lives in the building (in a rent-regulated apartment and, as such, is protected from eviction) said she believes the difficult conditions in the building, and the stress of the eviction contributed to his death.
"We rented this old shop building as a studio for Lizzie," Ms. Nerber said.
