Posted by Will on February 19, 1999 at 22:36:41:
In Reply to: Not Stabilized After Tax Abatement Period? posted by Mike Z on February 19, 1999 at 18:03:59:
: Renewal Lease I receive said that because the 421-a tax abatement period ended my apartment was no longer subject to stabilization. Assumning this is correct, what standards govern what rent the landlord may charge. The amount he is asking for is not an even number which makes me suspect that there is still some limitation. Does any one have info?
Supposidly going market rates...so if the increase isn't high..either the market matches what you're paying now or your landlord likes you...don't ask any questions and take the lease if you still want the apartment.
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