Tenant,
I hope you are well and the week has not become too busy.
[He went to a good college and now seems to have a really good job that he was too busy to talk over the phone this week so we agreed to email the details of the apartment.]
I called on Sunday to find out your intentions for the coming year, and let you know ours. We are still expecting to have to relocate for Tolga’s job, and our relocation most likely will not be in New York City. At this point in time we have decided we must put the apartment on the real estate market.
[Because we don't have jobs nor have we had jobs for a very long time and we have bled out all of our savings and some other people's savings in order to keep something that seems to hold little benefit for us . . .Besides that, when we do get jobs, we both have a feeling it will be in Texas.]
Our hope is to continue renting the place as we expect the sale to be slow. This of course would require the realtor to have access to the apartment.
[Actually, we hope that we are able to sell it period. Being able to continue renting the place will help avoid foreclosure for now if we are somehow able to come up with the additional $800 that rent doesn't cover. We also expect to lose our entire investment to real estate fees, a flip-tax, or a short-sale. At this point, foreclosure is even appealing because it seems nothing short of a miracle will allow us to come out "even."]
In addition, the Cooperative will need to vote on your continued stay at the Sept. 12th business meeting. My apartment is the first to be rented, and I am hearing rumblings about conditions and additional fees the Cooperative would like to put in place for rental units.
[A lot of people seem to get fired up on rumors and gossip - and the rumors coming to me are: 1) everyone's against me cause I'm white 2) People think I'm making money on the deal, thus the Coop would like to make money off of me - namely a $220 month additional fee for renting 3) the tenants are loud and took up the rugs in my apartment thus the creation of a two page list of new "house rules for tenants" . . . and so on.]
What will come of this meeting I cannot say – for my part I am placing my proxy and petition for simply an extension of permission to rent (up to one year) while the unit goes on the market to sell. I will need to send this letter by Tuesday (Sept. 9th).
[I am trying my best not to get sucked into unfounded irrational/nonsensical/hysterical ravings, instead listening for facts and truth while keeping my eyes on what is good.]
Regardless of what the Coop decides, it is our decision first, and so we need to know if you are open to continuing as a tenant while we put the apartment on the market. Along similar lines, other options we are offering for you to consider are: a) rent-to-buy option (where if you were interested in the place, a predetermined percent of the rent could go towards the purchase price); or b) listing the place independently and offering a “finder’s fee” for you (in place of a realtor).
[Regardless of what you or the Coop decides, we are trying to decide what is best for us: should we ignore the rules of the COOP? Should we continue with a renter anyhow and risk legal issues with the Coop? Should we simply give up on the place and let it foreclose? Should we fight for the place? Should we wait the market out? There are a lot of big questions we are facing that we have deleted from this letter to the tenant trying to expose him to only what is necessary . . . I'm not sure we have . . . ]
Please think it over and let us know,
[Preferably soon with a positive answer or a really good idea.]
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