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Landlord wants to raise rent 20%! Help, need info!

Posted by William on February 22, 1999 at 09:02:17:

I have been leasing an apartment in a prewar co-op building for the last five years. The landlord supplied a lease for the first two years, but since hasn't given me one. He currently wants to raise the rent by 20% this year and another 15% next to write up his unit to market value. Is this legal, and what can I do to prevent this? I think the apartment is rent stabilized.

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