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TenantNet Forum Archives 1996-2002
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Rent Renewal

Posted by Keith Evan on September 18, 1997 at 09:34:10:

I got a lease renewal for my NYC. It has two options. 1-year with a 4% raise, and 2-year with a 7% raise. What are the limits for these? Also, it seems if I take a 4% 1-year then get a 4% the next year it actually works out to be less money over the two years then just the 7% 2-year lease. Is the two-year lease a gimick? and congratulations to Ms. Lopez on her election as my rep.

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