Posted by Lilly on July 23, 2001 at 23:41:10:
In Reply to: posted by Selmerboy on July 23, 2001 at 13:07:17:
Could be a "preferential rent". What that means is he could legally charge more, in accordance with the rent stabilization code, but at this point in time has, for whatever reasons, chosen not too. For arguments sake, say the legal regulated rent(what he could legally charge you for this lease) is $1000, but he's only charging you $900. Good for you right now, but come lease renewal time, watch out! For your renewal lease(should you chose to renew) LL can raise the rent to what the legal regulated really is, $1000 plus whatever a lease renewal is. So instead of your renewal being based upon the $900 it could be based upon $1000.
OR, The last tenant could have been paying a really low rent and he's making a big deal because he's overcharging you from the start. The only way to find out is to go to DHCR at Gertz Plaza with your ID and lease in hand to get the registration history for your apartment.
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