Posted by TenantNet on January 28, 1997 at 14:33:19:
In Reply to: Rent Increase posted by Norma Ingram on January 28, 1997 at 12:40:05:
: I want to know if it is true that after living in the same apartment for
: more than five years can the landlard continue to increase my rent? Or should
: my rent be at a lower cost than new residents?
Depends where you are as to how it's done, but in most areas the owner
can increase the rent at the lease renewal time and it bears no
relationship to what he might charge for other tenants in the same
building or complex. In New York if one is rent controlled or
rent stabilized there are limits as to the percentage increase,
but nothing is stopped after five years and it does not depend on
what tenants in similar units in the building might be charged.
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