Posted by firstname.lastname@example.org on November 10, 1998 at 13:19:55:
In Reply to: can nonreg apt rent be increased 12% in one year? posted by M Smith on November 10, 1998 at 12:32:13:
: We live in an unregulated 1 BR apt in Brooklyn NY -- have been there 1.5 years. Landlord informed us this week she will increase rent from $850 to $950. Can she do that? Can she do that every time the lease is due for renewal? Please help. $1,200 in one year is a lot for us!
unfortunately, the answer is yes.
Can anyone tell me if the 20% vacancy increase is still in effect even though the '97 guidelines have expired? The new guidelines state that no increase is allowed other than those allowed under the '97 guidelines. I'm not sure how to interpret this. Thanx.
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