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4% annually long term?

Posted by Winifred on August 03, 2001 at 09:43:54:

I am about to sign a lease for a live/work loft for 7 years, and the LL has built in a 4% increase every year.

1. Does this sound like a lot, or is it fair?
2. Where can I find the NYC average for last 20 years?

Thanks in advance!


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