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Re: Manhattan Co-op Rent Regulation

Posted by Marge Pavlica on October 16, 1998 at 09:29:33:

In Reply to: Manhattan Co-op Rent Regulation posted by co-op tenant on October 13, 1998 at 17:19:35:

: I need to get a lease renewal form from my current landlord.
: We live in a co-op. He told our Super that he is going to raise the rent.
: Since it is a co-op, are there legal guidelines as to how high he can raise our rentt, or can he raise the rent as much as he likes?
: Since the building maintenence fee has not gone up this year, can he raise the rent much?
: If the rent is raised to a ridiculous amont, do I have a right to dispute the rent increase at a co-op board meeting?
: Thanks in advance for any help you can provide!
If your original lease was signed prior to the change in law in 1993, your
apartment should be under Rent Stabilization whereby the landlord would only be entitled to guidelines increases approved by the New York City Rent Guidelines Board. I would suggest your contacting the New York State Division of Housing for clarification on the terms of your lease.

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