Legal Question in Landlord & Tenant Law in New York

Sublease fee

I am in the process of subletting my apartment and have been told by the management company that runs my building that I have to pay a sublease fee every month equivalent to 10% of my current rent. They said this fee changes from year to year, and some years it doesn't even exist. My question is, am I leagally able to pass this fee onto the rent I charge my subtenants?


Asked on 6/19/03, 12:15 am

1 Answer from Attorneys
Stephen Loeb Law Office of Stephen R. Loeb

Re: Sublease fee

In New York City, on a rent stabalized apartment you can charge an approved sub-tenant up to 10% in excess of the legal rent. In other words if the rent your paying is the legal amount and it is $1000 per month, you can charge a sub-tenant $1100 per month but not a penny more.

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Answered on 6/19/03, 11:42 am


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