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55% rent increase

Posted by Bill Marsilii on January 14, 2001 at 06:31:28:

I received my new lease yesterday afternoon and am still in shock -- thanks to destabilization, my building's leasing agent informs me that I am now to be charged a "fair market" rent increase of over $1000-a-month for my apartment.

I have lived here five years (a rent-stablized 1BR in the West Village), throughout which time my rent has always been less than $2000 a month, my yearly income never even approaching $250K. Yet my rent is being raised to $2995 per month starting June 1st, a 55% increase over my current rate.

Do I have any recourse other than moving? (Or is $2995 a month what all the other 1BR apartments in Manhattan are charging too now that THEY'VE been deregulated?)

I've spent much of the wee hours here online, unable to sleep, reading what I could about the guidelines, but I confess I find much of it very hard to decipher. (Which might have been intended by the DHC, from what I read elsewhere here.)

Is there anyone for me to call, some action or inquiry I can make? The info's probably here somewhere, but help me, I'm really at a loss tonight. Thanks...

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