Posted by Irene on January 05, 2001 at 16:52:16:
In Reply to: new rent posted by Irene on January 05, 2001 at 12:42:25:
Sorry, another question. What is the 4-6% rent increase for rent stabilized apartments pushes it over the $2000 limit when the lease is renewed for the same tenant? Will the apartment be stabilized until that tenant moves out or it will automatically become decontrolled?
: My friend lives in an rent-stabilized apartment in NYC and is about to move out, I am willing to pay the brokers fee to get the apartment but I am wondering how much the landlord can legally raise the rent after a new owner (me!) moves in? I know how much he is paying now so I am curious how much more my rent could be.
: Thanks (this is in NYC)!
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