I have rented an apartment that was rent controlled and the tenant that lived there was paying $500.49 a month. The tenant unfortantly passed and the apartment became vacant for less than a year.
I think during that year they started renovations in the apartment. The kitchen only floors and cabinets still old refridgerator and old gas stove that is not electric. And the whole bathroom. And of course the whole apartment was painted.
I am renting the aprtment for $1250 but that seems like a high jump. I know rent controlled apartments turn to rent stabalized but isn't this a big hike? How much can a landlord increase the rent too after it was a rent controlled? I also saw on the Initial apartment registration that he has the right to rent the apartment for $1440 is this possible? Please someone give me advice is this a high jump? and/or should I put in a complaint. I have been living there for only there 5 months.
WHAT SHOULD I DO?
Thanks