Posted by Will on May 10, 1999 at 23:15:33:
In Reply to: Rent Increases - Rent Stabilized Apartments posted by Ian on May 10, 1999 at 14:25:54:
Looks like next year increases will the same 2%....so 2% this year 2% next year is cheaper than 4% for two years. If you like stability then lock in the rent for 2 years.
: 1) As the legal tenant of a rent stabilized apartment, am I correct in my belief that, so long as I am a tenant in good standing, the landlord must allow me to renew my lease every year or two, as the case may be?
: 2) Is there any advantage to signing a one year lease over a two year lease or vice-versa? (1 year has an increase of 2%. 2 year has increase of 4%)
: 3) How can I find out what next year's allowable rent increase will be for 1 and 2 year leases?
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