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Re: 55% rent increase

Posted by   on January 14, 2001 at 22:04:48:

In Reply to: 55% rent increase posted by Bill Marsilii on January 14, 2001 at 06:31:28:

If your rent exceeds $2,000 a month and if your income for two consecutive years exceeds $175,000, your apartment would be subject to deregulation.

However, the landlord has to apply to DHCR for an order of deregulation, if the rent exceeds $2,000 a month and after determining that your income has exceeded $175,000 for two consecutive years.

Could your building have been receiving a tax exemption/abatement (J-51, 421-a, etc.) that has expired? Has the tax exemption/abatement been mentioned in ALL your leases?

: 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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