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Its called preferential rent

Posted by Will on August 08, 2000 at 15:14:39:

In Reply to: Read the Annual registration carefully. posted by John on August 08, 2000 at 14:02:22:

All stabilized apartments have a legal rent. However, for whatever reason a landlord may chose to offer a potential renter lower rent. This can be because of market, he likes the way you dress, you negotiate well. All increases due the rent-boards annual decision should be based on this preferential rent...not the legal rent. When you vacate the apartment the landlord can go back to charging the legal rent, plus any board sanctioned increases based on the legal amount, and finally vacancy increases.

The intitial poster rent increase should be based on her preferential rent not the legal rent...this oversight may or may not be intentional but should be brought to the attention of the landlord.


Will

: I received the same thing yesterday, but under actual rent which was lower, was my rent ammount and the reason for this amount is that it was lowered rent.
: My apartment goes for $768?? and the amount I pay is $650. I guess I am paying market prices in Ridgewood, Queens.

: Read yours carefully and ask the landlord in reference to that.

: Good luck

: : I am in the process of resigning my lease for the 3rd year for my Park Slope, Brooklyn studio apartment. My rent the first year was $750. My landlord increased it $15 to $765 the next (which is what I am still paying).
: : A few days ago I got an "Annual Apartment Registration" form (never gotten one before) which states that my rent was $828.68/month (first bit of confusion). A few days later I get my Lease Renewal Form which states that my landlord is increasing my rent 4% ON TOP of the mystery amount of $828.68 per month (second bit of confusion).

: : My question is- what give's?! Has anyone heard of such a thing- meaning a 16% rent increase, without any notice, and 2 months late mind you. Or is my landlord a little confused himself?

: : Any advice would be appreciated.
: : Thanks very much.


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