Posted by Anna on January 06, 2000 at 11:11:34:
In Reply to: Re: Rent Increase Caps for Free Market Apartments (NON RENT STABILIZED) posted by TenantNet on January 06, 2000 at 10:46:33:
: : Is there a increase cap on Free Market apartments? My new lease is a 10% increase. Is that legal? What instruments do they use to determine what the increase is ala RGB 2%-4% increases? I currently live in a COOP building with a number of rental units and of course owner occupied, approx 72 apts.
: They use a direct correlation of how many times MTV blocks the sidewalks
: on Broadway.
In my neighborhood, the yardstick is how many time Law & Order and/or NYPB Blue film and how close it is to the apt!
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