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RealEstateAnswer, Lawyer
Category: Real Estate Law
Satisfied Customers: 27280
Experience:  10+ years in handling Leases, Landlord-Tenant, Foreclosures,Mortgages, and Eviction cases
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I just received a Buyout Disclosure Letter from my landlord

Customer Question

I just received a Buyout Disclosure Letter from my landlord for an apt. I have rented for years in Manhattan. I am not interested in a buyout, but do I need a lawyer to draft my response? Stephen
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  RealEstateAnswer replied 1 year ago.

Good morning. What are they seeking and asking for?

Customer: replied 1 year ago.
Am I required by law regulations to respond to their written response?
Expert:  RealEstateAnswer replied 1 year ago.

It is at your discretion to respond. Their actions indicate an intent to settle and try and resolve this but you are under no obligation to agree to any type of buyout. You can respond on your own and do not need an attorney. You may want to respond and propose a counter-offer, that you think is fair and are comfortable with. Worse case, is that they reject it but may come up in price, from their original offer. The only time you would be legally required to respond, is if there was a lawsuit and you were served with a summons and complaint, which indicated a specific time frame to file an answer.

Expert:  RealEstateAnswer replied 1 year ago.

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