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Re: Vacancy Increase?

Posted by Mark Smith on November 20, 1998 at 02:00:17:

In Reply to: Vacancy Increase? posted by Becky on November 19, 1998 at 20:12:47:


: I am roommates with my sister in a rent stabilized, Manhattan apt. The lease is only in her name. She wants to move out when the lease runs out. If I apply for the lease (while living in the apt.)will there be a 12% or 20% vacancy increase on the rent?


If you have lived with your sister for at least two years, you have succession rights. And if this is the first succession in the apartment, there would be no vacancy allowance -- just the 2% or 4% renewal increase under the current guidelines when the lease comes up for renewal.

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