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Posted by Barry on January 17, 2000 at 10:39:33:

How do you know if your apartment is rent stabalized? We signed a lease for
a Manhattan building (over 100 units) for $2,150 a month in March of 1998.
The apartment had just been renovated and the lease states that it is not
rent stabilized. We have just received notice of a 30% increase. We have
one month to advise them if we want to renew and 2 months to vacate if we
are not renewing.

My understanding of the law is that if you signed a lease on or after June of
1997 on a vacant apartment and the rent is now $2,000 or more, your apartment
is then destabalized and any FMV rent can be charged.

Is this accurate?

Thanks,

Barry

Follow Ups:

• Re: Rent Increase Richard 01/18/00 (3)
  • Yo Rich! Do you imagine these things? TenantNet 01/18/00 (2)
    • Re: Yo Rich! Do you imagine these things?..HEY its an honest question richard 01/18/00 (1)
      • Nope. MikeW 01/20/00 (0)

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Comments:
: How do you know if your apartment is rent stabalized?  We signed a lease for
: a Manhattan building (over 100 units) for $2,150 a month in March of 1998.
: The apartment had just been renovated and the lease states that it is not
: rent stabilized.  We have just received notice of a 30% increase.  We have
: one month to advise them if we want to renew and 2 months to vacate if we
: are not renewing.

: My understanding of the law is that if you signed a lease on or after June of
: 1997 on a vacant apartment and the rent is now $2,000 or more, your apartment
: is then destabalized and any FMV rent can be charged. 

: Is this accurate?

: Thanks,

: Barry 


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