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Owner termination of tenancy and eviction.
§ 882.511 Lease and termination of tenancy.
§ 983.257 Owner termination of tenancy and eviction.
24 CFR § 983.257 - Owner termination of tenancy and eviction.
Kawamoto's lawyer, Carol Asai-Sato, reportedly stated: "The reason for service of this and termination of tenancy is that the owner intends to sell the premises and go out of the rental business".
Additionally, a 30-Day Notice of Termination of Tenancy can be served to the seller the day the buyer takes title of the property.
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"In most proprietary leases, termination of a tenancy for objectionable conduct can be made by vote of two-thirds of the board of directors," Mr. Weinstein said.
(The court noted that the termination of the tenancy would not cause Mr. Pullman to lose the value of his apartment since his shares would be sold by the co-op and the proceeds turned over to him after the costs of the sale, litigation expenses and other amounts due have been deducted).
And while the state's Real Property Law allows for the termination of such a tenancy, the provisions of the law must be strictly followed.
If the tenant continues to pay the current rent, and the landlord accepts it, the tenant is considered a "month-to-month" tenant and notice of tenancy termination can be started after 30 days.
This should reduce the number of evictions and terminations in the first year of tenancy by helping people to budget and remain in control of their finances.
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