Posted by TenantNet on November 13, 1998 at 22:01:41:
In Reply to: Re: can nonreg apt rent be increased 12% in one year? posted by email@example.com on November 10, 1998 at 13:19:55:
: : We live in an unregulated 1 BR apt in Brooklyn NY -- have been there 1.5 years. Landlord informed us this week she will increase rent from $850 to $950. Can she do that? Can she do that every time the lease is due for renewal? Please help. $1,200 in one year is a lot for us!
: unfortunately, the answer is yes.
That's whay it's called non-regulated. If NYC people would stop electing all those conservative politicians, then you might still have some protections. (check to see if the place should be stabilized in built before 1974 and six or more units).
: Can anyone tell me if the 20% vacancy increase is still in effect even though the '97 guidelines have expired? The new guidelines state that no increase is allowed other than those allowed under the '97 guidelines. I'm not sure how to interpret this. Thanx.
It means the 1997 law provides a base vacancy (not renewal) rate and the RGB tacks onto it whatever the current guidelines say. You can thank politicians like Vito Lopez for such nice little surprises.
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