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Coop Sublease Increase

Posted by Mark Solof on August 20, 1998 at 11:23:06:

I was just informed my studio apartment would be hit with a $250 a month increase from $950 to $1200/month. The management company says I am subleasing from the Coop corporation which wants to bring the rent to market level. The only indication of my status is "sub" typed in next to "lease" on the lease document. I had assumed I was stabilized based on a conversation with someone (I forget who) at the previous management company when I moved in (the building was already coop at the time). Over the past 9 years, I've had rent increases at or below the rent guidelines board increase for stabilized apartments. I guess I am pretty much out of luck for challenging the increase - right? Any other angles to pursue?

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