Hello all, new poster here so forgive my formatting or if this is the wrong sub board for my inquiry.
I recently received the rent history for my unit in an effort to determine if it is Rent Stabilized as my landlord is asking for a substantial increase this year, a 23% increase conpared to this past year.
The rent history was interesting, with the last detailed entry showing that the unit WAS rent stabilized in 2015 with a rent of $2525 per month. For each year afterwards (from 2016 - 2022), each line states ‘REG NOT FOUND FOR SUBJECT PREMISES.’
Im wondering if anyone knows how to interpret this info. Am i right in assuming that the unit may still be stabilized and the landlord has simply not been reporting the status? A friend showed me an example of the rental history for his unit which showed ‘EXEMPT APARTMENT - REG NOT REQUIRED’ for 2021 and 2022, but mine only says REG NOT FOUND.
Is there a guide to interpreting these line items, and is there a chance that my unit is stabilized still? And if so, what is the best way to breach this subject with the landlord with minimal conflict? Ive had a good relationship with them so far after being here for two years in the unit. Thank you for reading, happy to provide more info if necessary.