Index Investing News
Friday, January 30, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

How Can I Add My Companion to a Hire-Stabilized Lease?

by Index Investing News
August 6, 2022
in Property
Reading Time: 3 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


Q: My associate and I each are senior residents. Now we have determined to stay collectively in my rent-stabilized New York condominium, the place I at the moment stay alone. I need to know: If one thing occurs to me because the tenant of report, will he be capable to keep within the condominium? We’re contemplating registering as home companions. Would this assist in an effort to get him added to the lease as a further tenant of report?

A: A home partnership would most likely assist. However you’d have a a lot stronger case in case you and your associate had been married.

In rent-stabilized residences, a tenant can demand {that a} associate be added to a lease “if the associate turned a partner to the tenant and lived within the condominium as their main residence with the tenant,” mentioned Peter A. Schwartz, an actual property lawyer who makes a speciality of hire stabilization and hire management, and is a associate within the Manhattan legislation agency Graubard Miller.

For another member of the family, the tenant can ask, however approval is as much as the owner.



A home associate who shouldn’t be on the lease might have the precise to succession upon the tenant’s dying or everlasting vacating of the condominium, however there are a variety of packing containers to verify. First, the associate will need to have lived within the condominium with the tenant as their everlasting residence for a minimal time period, sometimes two years, Mr. Schwartz mentioned. For senior residents (outlined in New York’s rent-stabilization legal guidelines as somebody who’s no less than 62 years previous), the interval is one yr, he mentioned.

Typically, a tenant’s members of the family have extra direct routes to lease succession below New York legislation. “Members of the family are outlined within the legislation as both a partner, a toddler, mother and father, siblings, grandparents, grandchildren, stepchildren, in-laws,” Mr. Schwartz mentioned.

However there’s one other class: “Some other individual residing with the tenant who can show emotional and monetary dedication and interdependence with the tenant,” he mentioned.

That is the place a home partnership may very well be useful. In a disputed declare of succession, New York’s Houses and Neighborhood Renewal company, or a housing courtroom, will evaluation various particulars to confirm the state of the connection, sometimes together with longevity of the connection, any shared financial institution accounts, if the companions have named one another of their wills, in the event that they’ve given one another energy of legal professional, and in the event that they’ve made a home partnership declaration. (You may learn extra about eligibility and standards right here.)

Nevertheless, none of these elements are singularly dispositive. A home partnership could be “one issue that will assist, however it wouldn’t be adequate by itself,” Mr. Schwartz mentioned.

For weekly e-mail updates on residential actual property information, join right here. Observe us on Twitter: @nytrealestate.





Source link

Tags: AddLeasePartnerRentStabilized
ShareTweetShareShare
Previous Post

China plane and ships ‘carried out assault drills’; senior Taiwan navy researcher discovered lifeless in resort – stay | Taiwan

Next Post

PM candidate warns UK to face ‘robust winter’ — RT World Information

Related Posts

Just Listed | 8444 Ironhorse Court

Just Listed | 8444 Ironhorse Court

by Index Investing News
January 27, 2026
0

Impeccably maintained residence for sale within the gated setting of Ironhorse Country Club, West Palm Beach  IMMACULATE IN IRONHORSE3 Beds...

Average US long-term mortgage rate edges higher, but still near lowest point in more than 3 years

Average US long-term mortgage rate edges higher, but still near lowest point in more than 3 years

by Index Investing News
January 23, 2026
0

The average long-term U.S. mortgage rate ticked higher this week, but remains near its lowest level in more than three...

Floating Tiki Huts That Sit a Mile Off Key West  Hailed as One of America’s ‘Coolest’ Airbnbs

Floating Tiki Huts That Sit a Mile Off Key West Hailed as One of America’s ‘Coolest’ Airbnbs

by Index Investing News
January 19, 2026
0

There are ocean views, and then there are ocean views. Tiki Suites—two one-bedroom tiki huts planted in the Gulf off...

They Left Their Empty Nest for a Fresh Start in Helena, Montana

They Left Their Empty Nest for a Fresh Start in Helena, Montana

by Index Investing News
January 15, 2026
0

When Beth and Brandon Sheafor decided it was time to downsize in Helena, Mont., they wanted to change their suburban...

Stranger Things In The Feed: When Audiences Take Control

Stranger Things In The Feed: When Audiences Take Control

by Index Investing News
January 11, 2026
0

The digital landscape isn’t just moving faster. It’s getting louder, more interpretive and less forgiving. Audiences don’t wait for context...

Next Post
PM candidate warns UK to face ‘robust winter’ — RT World Information

PM candidate warns UK to face ‘robust winter’ — RT World Information

BTC Change Stability Hits the Lowest Degree in 4 Years

BTC Change Stability Hits the Lowest Degree in 4 Years

RECOMMENDED

Brittany Cartwright Drops Episode 1 Appears to be like And Followers React

Brittany Cartwright Drops Episode 1 Appears to be like And Followers React

April 16, 2025
AutoZone is beneficial at Morgan Stanley as highly effective self-help story inventory

AutoZone is beneficial at Morgan Stanley as highly effective self-help story inventory

June 16, 2022
Cheap grace vs. working in the vineyard

Cheap grace vs. working in the vineyard

April 7, 2023
Who Is Lily Rose? All About Country Star Performing On ‘The Voice’ – Hollywood Life

Who Is Lily Rose? All About Country Star Performing On ‘The Voice’ – Hollywood Life

May 22, 2023
Veea Inc.: An Edge Computing Inventory Value Watching (NASDAQ:VEEA)

Veea Inc.: An Edge Computing Inventory Value Watching (NASDAQ:VEEA)

December 17, 2024
Tips on how to develop dwelling down fee financial savings, top-ranked advisors say

Tips on how to develop dwelling down fee financial savings, top-ranked advisors say

October 24, 2024
Solana (SOL) Price Primed For 50% Surge: Here’s Why

Solana (SOL) Price Primed For 50% Surge: Here’s Why

October 17, 2023
FTX Wants to Subpoena Bankman-Fried’s Inner Circle

FTX Wants to Subpoena Bankman-Fried’s Inner Circle

January 28, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In