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50% increase on Rent Stablized APT??

Posted by Colin on June 01, 2000 at 02:18:35:

My landlord offer me a renewal lease on my rent stabilized apt 2% 1yr, 4% 2yr(section 2523,5(a)) I signed it, copied it, retuned it. They then sent me a letter, not a renewal form, "offering to renew" my lease at 41% 1yr, 50% 2yr or not to renew my lease (30 day offer). Now the apt is in a coop building, but has been rent stablized ( in this coop building) up to 4 year ago when I last checked with DHCR...... Advice? Comment?

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