Posted by Anna on October 17, 1999 at 11:20:38:
In Reply to: 50% rent increase posted by Mike Collins on October 16, 1999 at 01:14:13:
: I just received the terms for renewal of my lease -- with a 50% ($800:
: $1650 -> $2450) rent increase. Unbelievable -- can this be legal?
: It's a 600 unit building in midtown manhattan, with the following
: information from the database:
: All buildings indicated have Rent Stabilized apartments.
: Those buildings which also contain Rent Control and/or Co-op apartments are so indicated.
: Very Important: How to interpret this information
: Rent controlled apartments exist in building
: 1 Matches found
: Thanks, Mike Collins
The page "How to interpret..." does not exist. I checked several buidings in that database: it returns a "1 match found" "1 rent controlled..." for buildings that I know are: 100% stabilized/controlled and formerly rs/rc but converted to co-op before the database date.
You need to 'round up the usual suspects...': find out your building's history (neighbors, bldg staff), your apt's history (call DHCR): search this forum for how-to, covered many times.
If your apt is supposed to be RS, the max increases are 2-4%.
If your apt is LEGALLY not RS, the max increase is what you previously agreed to in your lease (renewal clause) and/or how skillfully you negotiate with your landlord now.
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