Posted by Ace on August 02, 2001 at 11:01:51:
In Reply to: Re: 1yr. lease expired, lanlord raises rent 4% on rent stabilized apt???? posted by thanks Ace! But.... on August 01, 2001 at 19:14:36:
Yes. The last increase is still in effect until the "new" increase kicks in. Unfortunately, it's the same number as the "new" one. I signed my lease last year. I had a choice between the 4% for one year and the 6% for two years myself. I'm rent stabilized too. When you sign a renewal, it gives the LL the right to collect a higher rent.
Please read the DHCR section on the main page of Tenant.net for further info.
: : The last increase in rent stabilized apartments was also 4% for one year and 6% for two years. So the LL is correct. You can see this on the tenant.net website main page.
: : : Greetings Fellow New Yorkers!
: : : My 1 year lease expires today and my Lanlord is raising my rent from $875.00 to $935.00. This is a 1 bedroom rent stabilized unit in Long Island City, Queens. That's a 4% increase in rent. I thought 4% increases on 1 yr. leases do not go in effect till Oct.1, 2001? Furthermore, what is the legal rent increase on a 1yr. lease for rent stabilized apartments prior to the new increase? Since I'm not too familiar with rent laws, I'm wondering if anyone can tell me if this is accurate. The building is listed as rent stabilized.
: : : Does anyone have any answers or suggestions?
: : : Appreciate any feedback!
: : : Alex
: So, even before Oct. 1, 2001 is in effect with the new rent increases, my new lease which begins the 15th of August, would not matter? I still have to pay a rent increase?
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