Posted by gary on May 28, 2001 at 20:56:50:
In Reply to: rent increase question posted by joe on May 28, 2001 at 13:25:51:
: I live on Long Island in a non-stabilized apartment for 2 years and am about to sign another year lease. After the first year my rent was increased by 3.6%. My lease is up in August and my rent is set to increase by 12.2%. Is this legal, or is there no limit to how much my landlord can increase rent?
Sorry, rent-gouging is perfectly legal for non-stabilized apartments. One of the joys of the "free market" for apts. in NYC.
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