ED Magedson – Founder
Jay Suites, Times Square Suites LLC1441 broadway 3rd floor New York, New York USA
Jay Suites, Times Square Suites LLC, Juda Srour Dishonest & unprofessional business practice, be aware of hidden charges New York New York
The management at Jay Suites is by far the worst and deceitful group I have ever dealt with. They are only interested in finding ways to take your money.
I am a venture-backed serial entrepreneur and recently moved back to NYC to start another company. I graduated from a university in the city and lived here for more than 10 years, so I am well aware of the office leasing market.
The only reason I rented an office from Jay Suites was because they were ok with 3 months contract in which I specifically asked for. After 3 months, however, they insisted us to stay for 2 more months, or they would take away our security deposits. I found out that they put in a fine print in the contract, stating you need to submit a written request to move out 90 days prior to the move-out date. In other words, I had to submit the request on the same day I signed the lease, or the lease gets automatically renewed the next day!
In my opinion this is plainly dishonest and unethical business practice when the management knew our lease inside out, but never pointed out the automatic renewal of the lease on the next day. I remember how the management always asked me if I were planning to extend the lease when I had no idea about this. It all just looks intentional to me, considering all circumstances.
Also, Jay Suites charges you an additional dilapidation fee of $250 per office which will be added to the final invoice no matter what. Are you serious?? I hope they look up the definition of dilapidation.
And their only excuse to all of these hidden charges? "read page # on your contract."
Guys, do not ever consider leasing an office from Jay Suites unless you want to spend your entire week reading +20 pages contract. And if you MUST do so, always be aware of hidden fees that they will add to your final invoice. Don't waste your time and energy arguing with these people when you have to focus on your business. Just stay away from this place. Not worth it.
This report was posted on Ripoff Report on 06/10/2014 09:44 AM and is a permanent record located here: http://www.ripoffreport.com/r/Jay-Suites-Times-Square-Suites-LLC/New-York-New-York-10018/Jay-Suites-Times-Square-Suites-LLC-Juda-Srour-Dishonest-unprofessional-business-pract-1153556. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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