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How much can the landlord hike the rent?

Posted by Riley on January 25, 2002 at 19:39:20:

I'm thinking about moving into a rent stabilized apt. in NYC. The tenant who just left was paying $1430 a month, but the landlord wants me to pay $1600. Is that a legal rent increase, given the rent stabilization laws? I thought price increases were limited to smaller increments. Please advise. Thanks. Riley

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