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New owner is doubling my rent

Posted by KD on June 29, 2000 at 12:10:32:

My building that I've lived in for 3 years has been sold. It is a 3-floor, 3-apt building which is uncontrolled. I met with the new owner yesterday and he told me informally that he is doubling my rent to 'at least' $1850 to pay for his mortgage. The old owner convenient let all tenants' leases expire during the sale, so I am month-to-month. He seems desperate to make the money, so today he offered me $1700 month-to-month that will 'increase later'. I turned down that offer, but haven't made it clear to him wether I plan to stay or not, at least not until he gives me proper notice. How much notice is he supposed to give, and in what form? Since I am month-to-month and have no signed lease, can I just leave anytime? He has my security deposit...what do I need to do to ensure I get that back? I just want out, and I have no interest holding his hand during the process.

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