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Rent increase

Posted by R Niaz on March 20, 2001 at 11:28:57:

My one year rental lease expires in May. When I rented the apt. last year my landlord told me that at the time of renewal there may or may not be an increase depending on market situations. I am paying $950 for a one bedroom in queens, ny (already on the higher side) and now my landlord is demanding an increase of $75 to renew the lease. I am in a coop and its not rent stabilized. Can my landlord demand an increase of 8% when rents are going down in most of new york? Would someone please shed light on this. How should I handle this? Thanks

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