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Apt. Deregulated due to rent increase of $2,000 or more

Posted by ADN on July 03, 2001 at 18:54:00:

NY Tenant,

Hi. Great site. I am hoping that you can answer this question for me. Here is the scenario:

My upstairs neighbors just moved out. I am going to keep my apartment and take over their apartment as well. My landlord sent me a new lease for both apt's combined. He also included a "Notice to First Tenant of Apt. Deregulated After Vacancy Due to a Rent of $2,000 or More." What does this mean? After this lease is up will my landlord be able to raise the rent however much that he wants?

If you could email me with the reply that you post here, I would appreciate that. Thanks.

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