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

In Reply to: Re: Leases & ReneWals: http://tenant.net/ 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?

: :
: : ALL WILL BECOME VERY CLEAR TO YOU IF YOU READ...
: : http://tenant.net/

: 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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Comments:
: : : : 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?

: : : 
: : : ALL WILL BECOME VERY CLEAR TO YOU IF YOU READ...
: : : http://tenant.net/

: : 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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