Rent increases

[robinj03]

My husband and I are currently renting an apartment in Tribeca. It's a condo, and our one-year lease is currently nearing its end. Since we moved in shortly after the tragedy of 9/11, our rent is very reasonable, and now well under market. Is there anything in the law to prevent the owners of our unit from raising the rent as much as they like? Must they offer us a renewal? There is nothing in our lease about future rents.

[HAJ77]

If you're living in a non-regulated apartment, the Landlord can raise the rent however much they want to or not even offer you a new lease. In reality, with our current economy most sensible LLs would want to have a paying tenant, so you should get a new lease. Have you talked to the LL about a new lease?

If you are in a stablized apartment they must offer you the same lease with the increase set forth by the Rent Guidelines Board. It also must be offered within a certian time frame. Search the TenantNet archives or housingnyc.com for the specifics.