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Re: Rent Stabilized Sublet in Co-op? : Welcome to Hell

Posted by TenantNet on September 09, 1997 at 17:17:22:

In Reply to: Rent Stabilized Sublet in Co-op? : Welcome to Hell posted by Peter Erni on September 09, 1997 at 01:54:44:

: My sublease in a bldg that went co-op in 1985 just went up 24% over
: last year's rent. This after 4 previous years of an average of 5%
: increases. In addition I received the notification of renewal just 15
: days before the sublease is due to expire. I understand that this apt
: is no longer regulated and thus I have no rights because of the co-op
: status, but is there ANYTHING I can do? This is insane. Any connection
: to the recent changes in the law?

Go after your politicians (the wormy liberals with no backbone) who
refuse to extend rights to co-op tenants. Legally, they can raise rents
to whatever level they wish, but I bet you could probably delay it a month
as even on a month-to-month tenant, there's usually a 30 day notice
period for terminations or rent increases. Check your lease. If they want
30 days notice when you leave, then I would bet you could make the 30 day
notice for a rent increase stick. The only connection to the new law
that I know (although I haven't studied it in detail) is that it
unleashed a new standard for greed.

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