Google Search

TenantNet Forum Archives 1996-2002
Posting and Replies are disabled in all Archives
TenantNet Forum | TenantNet Forum Archives Index

Renovations Increase Formula

Posted by Tommy Suzuki on September 14, 1998 at 15:12:48:

After the current tenant leaves, I hope to rent his rent-stabilized Manhattan apartment, which is now $800. I know the landlord can get another 20 percent when the apartment is vacated, but are there any limits on the increase he will demand because of renovations he proposes, e.g., moving the kitchen bathtub and creating a bathroom instead of a WC, new floors, etc? In other words, what's the "formula" for increases? Is it 1/40th of the total cost, as I've heard? And is there a cap? Thank you.

Follow Ups:

Note: Posting is disabled in all archives
Post a Followup

Name    : 
E-Mail  : 
Subject : 
Comments: Optional Link URL: Link Title: Optional Image URL:


TenantNet Home | TenantNet Forum | New York Tenant Information | Contact Us
DHCR Information | DHCR Decisions | Housing Court Decisions | New York Rent Laws |

Subscribe to our Mailing List!
Your Email      Full Name