My question regards the following paragraph from the recent TenantNet email.
"The new RGB Order has percentages that are much higher than normal. Landlords might try to trick tenants into taking the effective date of the commencement of a renewal lease after October 1, when the percentage jumps from 2 and 4% to 4 and 7.75%."
My lease renews on January 1st. I just received my lease renewal postmarked September 10th. The renewal itself is dated August 21st and I know I need to return it within 60 days. The landlord is using the 4% and 7.75% rates.
Can someone tell me if I'm being "tricked" or is this the legitimate rent increase for my renewal. Thanks for any help