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Is building stabilized

Posted by MikeW on June 26, 2000 at 11:06:16:

In Reply to: Rent renewal/rent increase posted by Rebecca Metzger on June 25, 2000 at 19:55:47:

With 3 units, it may not be. If not, all bets are off. The LL can renew or not at their discretion, at whatever rent they choose.

: I live in a brownstone with three units, and my lease is up at the end of the summer. I am wondering how much notice my landlord must give me regarding the possibility of renewing the lease and, if so, of a rent increase. My lease does not refer to rent renewal or rent increases. I also do not know whether my building is governed by any sort of laws regarding rent increases. My roommate would like to remain in the apartment, but is worried that the landlord will a. not renew the lease, or b. raise the rent exorbitantly. Can anyone help or point me in the right direction?

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