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Re: 27% rent increase (repost?)

Posted by c.s. on July 18, 1998 at 08:18:55:

In Reply to: 27% rent increase (repost?) posted by Matthew Rice on July 16, 1998 at 11:35:08:

: A question about a rent stabilized Manhattan
: apartment:
: When I signed my current lease in August
: 1997 the increase was calculated as the
: 7% increase from the (then) current Order
: (No. 28 I think) and an additional 20% as
: the new vacancy allowance. For a total of
: 27% for a 1 year lease.
: If you recall, this is the period between the
: introduction of the 20% vacancy increase and
: the new order, no 29.
: At the time I though that this was a generous
: reading of the laws, but could find no clear
: guide to say that this was wrong. (I felt
: that only 20% should have been added, and
: perhaps only as much as 18%)
: I have periodically made enquiries to many
: places as to whether this increase was legal
: but have never found an answer. At one stage
: I gained the impression that the practice of
: the landlord taking the "best of both worlds"
: while the rent laws were in flux was being
: challenged in court.
: Can anyone give me some idea about the legal
: vacancy increase during the period 19th June
: to 1st Oct 1997 or tell me where I might find
: information?
: I have read
: which seem so indicate that the increase
: applied to my lease was too great.
: (BTW, there were no capital improvements or any
: increase due to a long continuous occupancy.)
: I am looking for some guidance on the law here,
: eg, a decision by a judge on a similar case
: or a statement clearly indicating the allowed
: increase in this period.
: Thanks for your time.
: Matthew Rice

For a two year lease the allowable increase was 20% plus 9 1/2% plus a percentage of any improvements he made to the apartment. Check with the DHCR.

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