Posted by DK on October 01, 1999 at 11:04:50:
In Reply to: rent increase in a co-op owned apartment posted by Kayse Wainwright on September 30, 1999 at 15:18:36:
: To Whom it May Concern:
: Today, I received notice from my landlady of a rent increase of $300 plus another
: $450 to bring the security deposit equal to the total monthly rent. I rent in
: Chelsea in New York city. I rent a one bedroom from the owner of a co-op apartment
: and I have a lease. I have been here for six years. Initial rent when I moved in
: was $900 and three years ago I signed a lease for an increase that brought it to
: $1,050. Since Chelsea has undergone a significant gentrification in these past
: three years, it is true that rents have really gone up. My landlady is saying
: that she needs to bring the price of our rent up to 'market price' so is now
: going to charge me $1,350 a month. I live on a fixed inome and will find it an
: extreme financial hardship to meet this amount every month. Is there any law
: that protects me from this? I realize renting from someone that owns the
: apartment is most likely not subject to rent stabilization laws, but I need to
: find out anyway. I sure could use a little help right now. I am on good terms
: with my landlady, I've always paid my rent every month and have done considerable
: upkeep and kept the apartment in very good condition.I sure would appreciate an
: answer to this inquiry as soon as possible as she hasn't given me much time to
: respond... it's either accept her terms within 10 days or I have 30 days to move!
: Thank you for your time.
Regretably, if you're not subject to rent regulation, your landlady can raise the rent to any amount she wants. If you do not agree to pay the increase, then you will eventually have to move.
I assume that you are a month-to-month tenant. If so, the landlady can only seek your eviction by formally serving a written notice of termination at least 30 days before the expiration of your monthly term. If you don't move, she has to start an eviction proceeding. The judge will probably give you at least two months, but may require you to pay the higher rent demanded by the landlady in the meantime.
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