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Posted by Unstoppable Ed on August 27, 2000 at 19:43:32:

In Reply to: Brooklyn Landlord Overcharging Rent - Please Help! posted by Rona Rapadas on August 27, 2000 at 18:46:03:

First of all, if your apartment was rent-stabilized, you would have a rent-stabilized lease. Unfortunetly (and as many cases on tenant.net will show) you cannot rely solely on a broker's statements and must take what you see and the lease as the final word about the apartment you will rent.

There are a number of ways that apartments can be taken out of rent stabilization. It would be of little surprise why your landlord would want to remove his building from rent stabilization, if thats what he did. $400 per probably doesn't even cover his basic maintainance, let alone capital costs or profit. Why would anyone own a building if it is only going to lose money ?

You obviously decided that you have the means to pay a $1800 rent, and that the rent is fair for the neighborhood when you moved in. So stop complaining. If you don't like it, move elsewhere when your lease it up.

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Comments:
: First of all, if your apartment was rent-stabilized, you would have a rent-stabilized lease.  Unfortunetly (and as many cases on tenant.net will show) you cannot rely solely on a broker's statements and must take what you see and the lease as the final word about the apartment you will rent.

: There are a number of ways that apartments can be taken out of rent stabilization.  It would be of little surprise why your landlord would want to remove his building from rent stabilization, if thats what he did.  $400 per probably doesn't even cover his basic maintainance, let alone capital costs or profit.  Why would anyone own a building if it is only going to lose money ?

: You obviously decided that you have the means to pay a $1800 rent, and that the rent is fair for the neighborhood when you moved in.  So stop complaining.  If you don't like it, move elsewhere when your lease it up. 


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