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Re: 20% Rent Increase

Posted by MikeW on April 20, 1999 at 12:24:09:

In Reply to: 20% Rent Increase posted by Hunter on April 20, 1999 at 11:16:47:

: 1) How do I find out if apartment is rent-regulated?

Check with Dept of Housing and Community Renewal (DHRC) the contact info should be on this website. This website also has a database of regulated buildings, but I don't know how up to date it is.

: 2) If it is, are there limits on rent increases?

Yes. I believe the current increase limits are 2% for a one year lease and 4% for a two year lease. These are for renewals.

: 3) If it is not, are there limits on rent increases for current tenants?


: 4) If it is not, what actions would you recommend (besides moving out,
: which is an option, but do not want to)?

Not too many options. If the apt isn't regulated, it isn't regulated, and the landlord can basically charge what he wants and/or choose not to renew. Based on the nature of the ownership of the apartment, there seems to be some new case law that suggests that many apartments assumed to be taken out of regulation may actually still be considered regulated. This is specific to coops still owned by sponsors or specific types of other investors.

: Thanks,

: Hunter

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