Posted by peter on July 29, 2000 at 04:11:39:
In Reply to: Maximum Rent increased in Month to Month Rent Stabalized apartment posted by Jacob on July 28, 2000 at 17:34:25:
Zero. There is no such thing as a month to month lease with rent stabilised apartments. A renewal lease is to be given 120 days before your one year or two year lease is up. If you do not have either a one year or two year lease the landlord has no rights to any increase. There are very strict guildlines which a landlord must follow to be allowed increases. If you are not provided with a rent rider which shows your rights the landlord loses his/her rights to a rent increase. these are supposed to be attached to your initial lease and all renewals
However the current renewal rent increases are 4% for one year 6% for two years. But in your case it is zero.
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