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With such a large structure, there were inevitable imperfections in tenant screening.
After countless sleepless nights, and worried for our safety, we hired a lawyer who specialized in tenant law.
As enticement, brokers say landlords are throwing in three to six months of free rent, and as much as $100 a square foot in tenant improvements.
Sumitomo, the New York subsidiary of a 400-year-old company headquartered in Tokyo, specializes in tenant representation on the commercial side.
The Science Center has another subsidiary raising a pool of $60 million to invest in tenant companies in amounts of $500,000 to $1 million.
It said the NHF could not prove whether the rise in tenant rent arrears was accounted for by the bedroom tax alone.
Similar(35)
A down-on-his-luck New Yorker inherits a Parisian apartment from his estranged father and travels to France to sell it, only to discover a live-in tenant who's unwilling to budge.
A "A landlord is usually under no obligation to renew an expiring free-market lease or to engage in tenant-swapping," said Glenn H. Spiegel, a Manhattan real estate lawyer.
And he is trying to lock in tenants at his iconic buildings.
Developers are racing to finish first and lock in tenants before the glut has its effects.
In the most extreme circumstances sustained rent arrears can result in tenants being taken to court, evicted, and made homeless.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com