Posted by maven on January 26, 2001 at 07:16:23:
In Reply to: Re: Where do you live? Need the city, too. posted by Lilly on January 26, 2001 at 06:30:14:
No, Lilly, 30 days isn't necessarily one month. For February, in particular, it's two days different (one day in a leap year).
Furthermore, you keep telling people that, for a two-year rent stabilized vacancy lease, the increase is the vacancy lease increase of 20%, plus the 6% renewal increase. That's wrong.
The increase is 20%, plus 0.6% per year since the last vacancy increase, if the apartment hasn't been received a vacancy increase for 8 years or more.
That could be an increase of as little as 20%, or as much as 35.6%, if the apartment hasn't received a vacancy increase for 26 years.
"Like I said, it's 30 days"
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