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Re: Leases & ReneWals:

Posted by SamE on February 10, 2000 at 19:32:27:

In Reply to: Re: Leases & ReneWals: posted by Steve on February 10, 2000 at 06:37:30:

: : : For new leas, how much (%) can LL up the price of current lease? Renewal? These are RS apartments. Is there standards for renovations and how much LL can jack prices?

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: I looked and found renewal increases but not Vacany increases.

Vacancy rules aren't in the annual increase notices from RGB: they're in the 1993 or 1997 state rules. It is something like 18-20% for 1-2 year lease plus xx% extra for each year the old tenant was there.

And they can add 1/40 each month for "improvements" done when apt is vacant: they lie a lot on this one.

Did you try the Rent Stabilized section (vacancy) or the DHCR (1/40) section?

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