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Re: Rent Increase

Posted by Richard on January 18, 2000 at 18:14:31:

In Reply to: Rent Increase posted by Barry on January 17, 2000 at 10:39:33:

Why on earth would you pay even that much rent????? I cant wait till next year and a BIG recession, Im goin to be rolling in the dough, there is going to be a shortage of landlord/tenant paralealgs to evict people like you who lose their jobs and cant pay $2700 in rent.....

If you were smart you'd move to queens or get a place for HALF the money then when the recession hits you'll have plenty of cash to rent those places at $1000 a month less
then they are trying to rip people off now.......

And heres a tip that will save you thousands of $$$$$$$ when the recession hits:

DO NOT TAKE XX FREE MONTHS RENT! Like they did in the early 90's recession...WHY?? ....What you want to do is for the landlord to LOWER the price of the apartment to under $2000 a month to re stabilize the apartment...Giving free months worth of rent comes out the same in $$$$ but the apartmnent is still over $2000 and can be raised any amount, when the economy gets better!.


: How do you know if your apartment is rent stabalized? We signed a lease for
: a Manhattan building (over 100 units) for $2,150 a month in March of 1998.
: The apartment had just been renovated and the lease states that it is not
: rent stabilized. We have just received notice of a 30% increase. We have
: one month to advise them if we want to renew and 2 months to vacate if we
: are not renewing.

: My understanding of the law is that if you signed a lease on or after June of
: 1997 on a vacant apartment and the rent is now $2,000 or more, your apartment
: is then destabalized and any FMV rent can be charged.

: Is this accurate?

: Thanks,

: Barry

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