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Re: rent increase: 25%: same as stabilized

Posted by JBS on June 25, 2000 at 13:48:15:

In Reply to: rent increase posted by shelley mars on June 25, 2000 at 12:32:01:

: i have just received a rent increase notice with my lease renewal. last year i was paying 850.00 and had not received an increase in a few years so i accepted an increase to 1050.. this time the rent increae is for 250.00 bringing my rent up to 1300.00. i amrenting a co-op from the managenent co. (it was never purchased when the building went co-op. i live in forest hills (queens) ny and do not know what my rights are regarding such a huge increase. can anyone help me or point me in the right direction to get the info i need???????thank you!

That's no larger than the RGB voted for rent stabilized apartments: 4-6% PLUS 20% vacancy. What the RGB is saying is 25% increase is a market increase.

It's even larger for rent undre $500: up to 35% increase.

It's your move now: negotiate a smaller increase or find a new apartment.

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