Google Search

TenantNet Forum Archives 1996-2002
Posting and Replies are disabled in all Archives
TenantNet Forum | TenantNet Forum Archives Index

Re: Initial Legal Regulated Rent

Posted by TenantNet on December 16, 1997 at 01:23:40:

In Reply to: Initial Legal Regulated Rent posted by Frank Longo on December 14, 1997 at 22:30:40:

: I've just moved into an apartment in NYC which is being registered for the
: first time as Rent Stabilized after being registered previously as Rent
: Controlled. If I understand correctly, the initial legal regulated rent
: that may be charged is determined as a percentage increase over the past
: year's Rent Control Maximum Base Rent (MBR) averaged against rents
: generally prevailing in the same area for similiar apartments. If the
: MBR for the apartment is 457.78 and the average rent for similiar
: apartments in this area is below 700.00 ( info from broker ), how can my
: rent be 743.39?

You have 90 days after service of the Initial Registration (RR-1) to file
a Fair Market Rent Appeal. There is a formula (see the RGB orders) and DHCR also
uses "comparables" to determine the FMR. The rent can also be increased
by any improvements put into the unit.

Follow Ups:

Note: Posting is disabled in all archives
Post a Followup

Name    : 
E-Mail  : 
Subject : 
Comments: Optional Link URL: Link Title: Optional Image URL:


TenantNet Home | TenantNet Forum | New York Tenant Information | Contact Us
DHCR Information | DHCR Decisions | Housing Court Decisions | New York Rent Laws |

Subscribe to our Mailing List!
Your Email      Full Name