Posted by TenantNet on October 17, 1998 at 22:28:21:
In Reply to: Re: Manhattan Co-op Rent Regulation posted by Bob Gresto on October 15, 1998 at 02:17:20:
: : 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?
: (The landlord can raise the rent $20,000 a month if he wants to. There are NO protections in a co-op as to the amount of a raise. I would find a rent stab apt as soon as possible)
Not so fast... it's unclear if this is a co-op owner or a non-purchasing tenant.
(he speaks of maintenance and co-op board, so there's some confusion there).
If a non-purchasing tenant in place prior to conversion, the tenant should
be rent stabilized -- if he's a real tenant. If he came in after conversion,
then it's up to the owner. We're not sure about Marge's comments... maybe she can explain.
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