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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