Posted by satori on February 20, 1999 at 19:43:32:
In Reply to: Re: Not Stabilized After Tax Abatement Period? posted by Will on February 19, 1999 at 22:36:41:
Another thing I read most if not all the laws past and current looking
to see if there was anyway a landlord could justify raising, the
rent of a stabilized apartment, and no where is this J51 tax question
discussed in the law. Unless the NYS legislature has secret proceedings
, which i doubt,. Well anyway how can this renewal lease be valid. When
you rented the apartmnet that was stabilized you should have signed
and agreement with that clause in it.signed a lease or a rental agreement
when you first rented the apartment. That stated there was a taq question
before DHCR which may raise the rent higher then the stabilized rent
that DHCR and the NYS legislature sets as legal. I would not sign, the
lease , just pay the legal rent under DHCR policies, call DDCR they
will tell you the amont he can raise the rent. Even if you don't sign
leses still pay the rent.
: : Renewal Lease I receive said that because the 421-a tax abatement period ended my apartment was no longer subject to stabilization. Assumning this is correct, what standards govern what rent the landlord may charge. The amount he is asking for is not an even number which makes me suspect that there is still some limitation. Does any one have info?
: Supposidly going market rates...so if the increase isn't high..either the market matches what you're paying now or your landlord likes you...don't ask any questions and take the lease if you still want the apartment.
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